Virtual Mind Holding Company Ltd. has announced its strategic plans concerning the placing of new shares under a general mandate. The company's future initiatives include utilizing the maximum net proceeds of HK$39.42 million primarily for general working capital. The allocation involves HK$21 million towards salaries, including directors' fees, HK$3 million for existing business uses, HK$2.5 million for repayment of payables, HK$4 million for professional fees, HK$5 million for office expenses, and HK$3.92 million reserved for other purposes. Furthermore, the company aims to expand its customer base across various industries to enhance the commercial conversion of technology investments. It intends to seize more business opportunities in the web3 era. Despite changes in the industry environment, the company has no plans to downsize its existing apparel operation and will adapt to market conditions as necessary.