Shanghai XNG Holdings Ltd. has successfully completed the placement of new shares under its general mandate. The company placed a total of 442,606,000 shares, each priced at HK$0.020, to a group of at least six investors. This transaction follows the fulfillment of all conditions set forth in the Placing Agreement. The completion was officially announced by the Board, with Mr. Gu Dorson serving as the executive director of the company.
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