CHINA UPTOWN (02330) announced on October 16, 2025, that the company has entered into a placing agreement with the placing agent. The placing agent conditionally agrees to act as the company's placing agent on a best efforts basis to place up to 75.4743 million new shares at a placing price of HKD 0.180 per share to no fewer than six expected placees. The placement shares represent approximately 16.67% of the enlarged issued share capital. The placing price of HKD 0.180 per share reflects a discount of approximately 7.69% to the closing price of HKD 0.195 per share on October 16, 2025. The estimated maximum net proceeds from the placement are approximately HKD 13.52 million. The company intends to use the net proceeds for general working capital of the group, covering employee costs, professional fees, rent, and general administrative and operational expenses.