The placement agreement's conditions have been fully satisfied, and the settlement was completed on January 26, 2026. The placing agent has successfully placed an aggregate of 4.536 million placing shares to no fewer than six placees at a placing price of HK$58.38 per share. The 4.536 million placing shares represent approximately 7.88% of the issued H shares (excluding treasury shares) and approximately 5.12% of the total issued shares (excluding treasury shares) immediately prior to the settlement; following the allotment and issue of the placing shares, they represent approximately 7.30% of the enlarged issued H shares (excluding treasury shares) and approximately 4.87% of the total enlarged issued shares (excluding treasury shares).

The gross proceeds and net proceeds from the placement (after deducting commissions and other related costs and expenses) are approximately HK$265 million and HK$258 million, respectively, equivalent to a net issue price of about HK$56.96 per placing share. The Company intends to allocate the net proceeds from the placement as follows: approximately 50% of the net proceeds, or about HK$129 million, will be used to optimize the Group's financial structure by repaying outstanding bank loans and lease liabilities; and approximately 50% of the net proceeds, or about HK$129 million, will be used for general corporate purposes. The net proceeds from the placement are expected to be fully utilized on or before December 31, 2026.