The company has announced a proposed placement of 32 million new shares to a subscriber, Mr. Hou Yong.

The subscription price is set at HK$0.075 per share, representing a discount of approximately 2.6% compared to the closing price of HK$0.077 on June 22, 2026.

The 32 million shares to be issued represent about 9.63% of the company's existing issued share capital and approximately 8.78% of the enlarged share capital following the placement.

The board views this placement as an opportunity to raise funds for the group's business operations and to broaden the company's shareholder base.

The gross proceeds from the subscription are expected to be approximately HK$2.4 million, which are intended to be used as working capital for the group.