GOGOX Holdings Ltd. has announced an extension in the timeline for the full utilisation of its unutilised net proceeds from the Global Offering, moving the expected completion date from December 31, 2025 to December 31, 2026. The company's strategy includes using the funds to enlarge its user base, strengthen brand awareness, develop new services and products to enhance monetization capabilities, pursue strategic alliances, investments and acquisitions in overseas markets, advance technological and research and development capabilities, and support working capital and general corporate purposes. The board stated that this change aligns with the company's long-term business strategy and market conditions, and does not anticipate any material adverse effect on the existing business or operations.

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