On January 16, 2026, the company proposed to place and issue a total of 112.6 million shares to the subscribers, which include Sheng Wei Industrial Development Limited, Mr. Liu Jianjian, Ms. Zheng Yongshi, and Mr. Li Zhanchang. The issuance represents approximately 16.67% of the total issued share capital as enlarged by the allotment and issue of the subscription shares. The subscription price is HK$0.380 per share, representing a discount of approximately 13.64% to the closing price of HK$0.440 per share on January 16. The gross proceeds from these subscription matters will amount to approximately HK$42.77 million, with the net proceeds totaling approximately HK$41.67 million. The company intends to allocate the net proceeds from these subscription matters as follows: (i) approximately HK$30 million will be used for the expansion and development of the group's automobile distribution business; and approximately HK$11.67 million will be reserved for potential investments when opportunities arise.