The conditions precedent as stipulated in the placement agreement have been fulfilled. Completion of the placement was finalized on December 31, 2025. The placing agent successfully placed an aggregate of 7.47 million placing shares to no fewer than six placees at the placing price of HK$0.60 per share. To the best of the Directors' knowledge, information, and belief, after making all reasonable enquiries, the placees are independent third parties of the Company and are not connected with any of its connected persons or their respective associates, nor are they acting in concert. None of the placees became a substantial shareholder of the Company immediately following the completion. The net proceeds from the placement (after deducting commissions payable to the placing agent and other expenses incurred) amount to approximately HK$4.29 million, which are intended to be used as the Group's general working capital and for business development.