Group 1 - The core announcement is that Sihai International Group plans to raise approximately HKD 10.8 million through the placement of up to 100 million new shares [1] - The placement price is set at HKD 0.108 per share, representing a discount of about 14.3% to the closing price of HKD 0.126 on the previous trading day and an 18.6% discount to the average closing price over the last five trading days [1] - The new shares will account for approximately 8.07% of the existing issued share capital and about 7.46% of the enlarged share capital after the placement [1] Group 2 - The funds raised will primarily be used to reduce the company's debt [1] - Sihai International Group is mainly engaged in property development and investment, primarily in China, as well as other investments including financial assets [1] - The placement is expected to be completed no later than August 21, 2025, under the general authorization granted by the shareholders' meeting [1]