City Coolxuan Co. Ltd. issued a supplemental announcement to add details to its annual report for the year ended March 31, 2025 and its interim report for the six months ended Sept. 30, 2025, focusing on delays in using remaining net proceeds from a 2013 share subscription. The company said the proceeds were not fully used earlier because it had sufficient cash and alternative funding, and the unutilised balance was placed in interest-bearing deposits. It also disclosed that the remaining HK$1.89 million was fully utilised as general working capital to support a new technology service business, leaving no unutilised proceeds as of Sept. 30, 2025.
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