According to Zhitong Finance APP, SY HOLDINGS (06069) announced that on September 3, 2025 (before trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the company has appointed the placing agent to procure, on a best efforts basis, not fewer than 6 placees to subscribe for up to 56.286 million placement shares at a price of HK$10.66 per placement share. The placement price represents a discount of approximately 5.08% to the closing price of HK$11.23 per share as quoted on the Stock Exchange on September 2, 2025 (being the last trading date). Assuming the maximum number of placement shares are placed under the placement agreement, the gross proceeds from the placement will be approximately HK$600 million, with net proceeds of approximately HK$593 million. The proceeds are intended to be used for innovative technology research and development including AI Agent, international expansion and strategic investments, and other general working capital purposes.