An announcement has been made regarding the completion of a share placement.

The conditions of the placement agreement have been fully satisfied, with the transaction finalised on June 30, 2026. The placement agent successfully allotted a total of 68,936,000 new shares to no fewer than six placees, adhering to the terms of the placement and supplemental agreements. These shares represent approximately 1.97% of the company's enlarged issued share capital following the placement.

The placement price was set at HK$0.205 per share. After deducting commissions payable to the placement agent, professional fees, and other related expenses, the net proceeds from the placement amount to approximately HK$13.9 million.

The company intends to allocate the net proceeds as follows: roughly 78.42% will be directed towards its cross-border e-commerce business, with the remaining 21.58% designated for general working capital purposes. This includes covering the group's salaries, rental costs, and other operational expenses.

The net proceeds are anticipated to be fully utilised by December 31, 2026.