C STRATEGIC TEC (01725) Announces Placement Agreement Has Lapsed

Stock News09-29

The company announced that the placement agreement relating to the proposed issuance of up to 164 million placement shares at HK$0.300 per share under a general mandate has lapsed.

As the conditions precedent of the placement agreement were not fulfilled on or before the final deadline, being September 29, 2026, as amended by the extension letter, the placement agreement has lapsed and the placement will not proceed.

All obligations and liabilities of the placing agent and the company under the placement agreement have ceased and terminated immediately, and neither party may make any claim against the other in respect thereof, except for any prior breach of the placement agreement.

The board believes that the lapse of the placement will not have any material adverse impact on the overall operations and financial position of the company.

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