Timeless Resources Holdings issues supplemental announcement amending 2025 annual report disclosure on HKD 9.31 million placing proceeds

Reuters03-17

Timeless Resources Holdings issues supplemental announcement amending 2025 annual report disclosure on HKD 9.31 million placing proceeds

Timeless Resources issued a supplemental announcement to its 2025 annual report to add details on the use of proceeds from a share placing completed on 19 March 2024. It reported that HKD 3 million of net proceeds was used to partially repay outstanding liabilities due to a director and substantial shareholder. It also reported that HKD 6.31 million was used as working capital for the group’s operating business. The company said the placing’s total net proceeds of HKD 9.31 million were fully utilised as of 31 March 2025.

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. Timeless Resources 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-20260317-12055768), on March 17, 2026, and is solely responsible for the information contained therein.

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