The placement agreement for LESI GROUP (02540) has been fully satisfied, with the transaction finalized on June 4, 2026.

A total of 100 million placement shares, representing 20.0% of the company's issued share capital as of the agreement date and approximately 16.7% of the enlarged share capital post-allotment, have been successfully placed to no fewer than six placees.

The shares were placed at a price of HK$0.70 per share.

After deducting all related expenses, including placement commissions and legal fees, the net proceeds raised amount to approximately HK$68.9 million.

The company intends to allocate the net proceeds as follows: 35% for technology upgrades related to AI short video production and AI advertising technology R&D; 55% for business development aimed at expanding the customer base through optimization of the media distribution network; and 10% for the group's general working capital.