TIME INTERCON (01729) announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on February 20, 2026, in accordance with the terms of the agreement. A total of 108 million placement shares, representing approximately 5.45% of the company's issued share capital immediately prior to the placement and about 5.16% of the enlarged issued share capital following the completion of the placement, were successfully allocated to no fewer than six placees at a price of HK$15.22 per share. After deducting placement commissions and other related expenses, including professional fees, the net proceeds from the placement amounted to approximately HK$1.635 billion. The net issue price per placement share was approximately HK$15.13. The company intends to use the net proceeds as follows: (i) approximately 50% to support the group's strategic investments and acquisitions; (ii) around 30% for the development of global business and expansion of overseas operations; and (iii) about 20% for working capital and general corporate purposes to support the group's business operations and growth.