NEWLINK TECH (09600) announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on February 11, 2026. A total of 60 million placement shares were successfully allotted by the placing agent to placees at the placing price of HK$0.300 per share, in accordance with the terms and conditions of the placement agreement. This represents approximately 5.98% of the company's enlarged issued share capital following the completion of the placement. The net proceeds from the placement, after deducting commissions and other related expenses, amount to HK$17.9093 million. These funds will be used to supplement the group's general working capital. Specifically, 20% of the net proceeds will be allocated to cover professional fees, 60% will be used for employee salary payments, and the remaining 20% will be designated for utility expenses and other costs.