CH DEMETER FIN (08120) has announced the completion of its placement of new shares. All conditions under the placement agreement have been satisfied, and the completion took place on May 15, 2026. In accordance with the terms of the agreement, a total of 27,104,500 placement shares, representing approximately 16.67% of the company's issued share capital as enlarged by the allotment and issuance of the placement shares, have been successfully placed to no fewer than six placees at a price of HK$0.60 per placement share.

Following all reasonable enquiries by the directors to their knowledge, information, and belief, the placees and their ultimate beneficial owners (where applicable) are all independent third parties. No placee has become a substantial shareholder of the company (as defined in the GEM Listing Rules) as a result of the placement.

The gross proceeds from the placement amount to approximately HK$16.26 million. The net proceeds, after deducting placement commissions and other related expenses, are approximately HK$15.81 million. As previously disclosed, the company intends to use the net proceeds as follows: (i) approximately 80% for repaying the group's outstanding loans and interest; (ii) approximately 10% for developing agricultural products and related businesses as well as the alcoholic beverages business in China, covering legal and professional fees, ongoing marketing expenses, and capital expenditures; and (iii) approximately 10% for supplementing the group's general working capital, to be used for employee costs, professional fees, and other operational expenses.