All conditions related to the disposal and subscription matters have been fulfilled. Consequently, the disposal and subscription were completed on December 31, 2025, and January 5, 2026, respectively. A total of 9.48 million sale shares were successfully sold to the buyers, comprising six individual investors, at a price of HK$1.2 per share. Furthermore, a total of 9.48 million subscription shares, equivalent to the number of sale shares successfully disposed of, were subscribed for by a controlling shareholder at a subscription price of HK$1.2 per share. The subscription shares represent approximately 4.77% of the company's enlarged issued share capital following the allotment and issuance. The net proceeds from the subscription are approximately HK$11.276 million. The company intends to allocate these net proceeds for general corporate purposes, with roughly 77% designated for employee salaries and benefits, about 10% for office and utility expenses, and approximately 13% for indirect costs, including legal, professional, and information technology expenditures.
Comments