CHINA UPTOWN (02330) announced that all conditions under the placement agreement have been fulfilled, and the placement was successfully completed on October 28, 2025. A total of 75.47 million placement shares were allotted and issued to three placees at HK$0.18 per share by the placing agent in accordance with the terms of the agreement. The placees include Mr. Chen Hui, Ms. Liu Xiaoling, and Mr. Li Yanyong, collectively holding approximately 16.67% of the company's enlarged issued share capital post-placement.

The net proceeds from the placement, after deducting commissions and related expenses, amounted to approximately HK$13.52 million. The company intends to allocate these funds toward general working capital, covering employee costs, professional fees, rental expenses, and general administrative and operational expenditures.