TOPSTANDARDCORP (08510) announced that as the conditions under the subscription agreement were not fully satisfied by November 11, 2025 (the final deadline), the agreement has lapsed and the subscription will not proceed. Consequently, except for any prior breaches, all parties are released from further obligations or liabilities under the agreement. The board believes the lapse of the subscription agreement will not materially adversely affect the group's business, operations, or financial condition. The company will continue to explore fundraising opportunities and will issue necessary announcements in due course.
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