Core Viewpoint - The company, Giant Star Legend, is undertaking a significant capital operation by issuing up to 75 million shares at a price of HKD 7.2 per share, aiming to raise approximately HKD 392 million for various strategic initiatives, including hosting international concerts and developing unique IPs [1][2]. Group 1: Capital Raising and Allocation - The share placement represents about 8.36% of the total shares currently issued and will reduce to approximately 7.88% post-completion [1]. - The net proceeds from the placement will be allocated as follows: approximately 67.7% (around HKD 250 million) for hosting international concerts and exhibitions, 16.25% (around HKD 60 million) for creating unique star IPs, 6.05% (around HKD 22 million) for R&D and procurement of food and beverage products, and 9.99% (around HKD 37 million) for general working capital [1]. Group 2: Strategic Partnerships and IP Development - The company is accelerating its global IP strategy by acquiring up to 7% of the issued share capital of the renowned Korean talent agency Galaxy, which manages globally influential artists [2]. - A joint venture with Yushu Technology has been established to develop consumer-level IP robots and related products, indicating a focus on integrating technology with IP [2][4]. - The first product from this collaboration, "Giant Star Dog," has already secured significant orders, showcasing market recognition of the company's IP capabilities [4]. Group 3: Ongoing Capital Operations and Future Outlook - This share placement marks the second significant capital operation within six months, following a previous placement that raised approximately HKD 324 million for expanding IP self-operated products [5]. - The company is enhancing its IP business strategy, including launching a global artist resource pool and collaborating with the Shanghai Museum for an art exhibition featuring its IP [5]. - The board views this capital operation as a strategic move to optimize the capital structure and strengthen the company's long-term development and competitive position in the global IP ecosystem [7].