Champion Alliance International Holdings Ltd. has announced an updated timeline for the utilization of the remaining balance of net proceeds from its listing. The company plans to use the remaining RMB18.819 million primarily for the purchase and upgrade of production equipment, expansion and maintenance of production facilities, and the expansion and upgrade of non-production facilities, including warehouses and other supporting infrastructure. The completion of these initiatives is now expected to occur after the originally anticipated deadline of 31 December 2025. The company will continue to provide updates on the progress of the use of proceeds through its annual and interim reports and make further announcements as required under the relevant listing rules.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Champion Alliance International Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260211-12022317), on February 11, 2026, and is solely responsible for the information contained therein.