Qingdao Holdings International Limited announced an update regarding the change in use of proceeds from its rights issue. The company clarified its intended application of the unutilised net proceeds, with a focus on the Technology Business. The Board stated that the revised allocation of proceeds, as previously disclosed, remains in the best interests of the Group and its shareholders, and will not have any material adverse impact on the current business or operations. The company continues to review and communicate its strategy regarding the use of funds to support its future business activities.
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