Group 1 - The company, Fuji High Industrial (00927.HK), announced a placement agreement with a placement agent to issue up to 85.166 million new shares at a price of HKD 0.54 per share, representing a discount of approximately 15.63% from the closing price of HKD 0.64 [1] - The estimated total gross proceeds from the placement are approximately HKD 45.99 million, with the net proceeds expected to be around HKD 44.19 million after deducting potential commissions and related expenses [1] Group 2 - The net proceeds of approximately HKD 44.19 million are intended to be used as follows: about 45% (approximately HKD 19.88 million) for the existing operations and potential expansion of the company's headphone and audio business, including the purchase of machinery and equipment, as well as renovation and expansion of the company's factory in Indonesia [2] - Approximately 35% (around HKD 15.47 million) will be allocated for the existing operations and potential expansion of the company's parts and components business, which includes purchasing machinery and renovating the factory [2] - The remaining 20% (approximately HKD 8.84 million) will be used for the company's working capital, covering employee expenses, rent payments, general administrative expenses, and legal and professional fees [2]