Core Viewpoint - On November 19, shareholders of China Shangcheng (02330) transferred stocks from Hang Seng Securities to China Galaxy Securities Hong Kong, with a market value of HKD 17.5705 million, accounting for 7.84% of the total [1] Group 1 - On October 28, China Shangcheng announced that all conditions of the placement agreement had been met, and the placement was completed on October 28, 2025 [1] - A total of 75.4743 million placement shares were successfully placed by the placement agent at a price of HKD 0.180 per share to three investors, including Mr. Chen Hui, Ms. Liu Xiaoling, and Mr. Li Yanyong [1] - Following the placement, the newly issued shares represent approximately 16.67% of the company's enlarged issued share capital [1]