KINGLAND GROUP (01751) announced that on December 12, 2025, the placement agent entered into a placement agreement with the company. Under the agreement, the placement agent will use its best efforts to place up to 48.384 million placement shares to no fewer than six placees at a price of approximately HK$1.481 per share. The placement shares represent about 16.67% of the enlarged issued share capital. The placement price of HK$1.481 was determined with reference to the current market price of the shares, following fair negotiations between the company and the placement agent, representing a discount of approximately 19.95% to the closing price of HK$1.85 reported on the stock exchange on the agreement date. Assuming full subscription of all placement shares upon completion, the gross proceeds will amount to approximately HK$71.66 million, with net proceeds expected to be around HK$70.76 million. The net price per placement share is estimated at approximately HK$1.46.