Group 1 - VSING announced a placement of 150,000,000 new shares to raise approximately HKD 60 million, with net proceeds expected to be around HKD 60 million after expenses [1] - The placement price of HKD 0.40 represents an 8.1% discount to the last closing price of HKD 0.435 and a 12.3% discount to the average closing price over the past five trading days [1] - The new shares represent about 13.9% of the existing issued share capital and will account for approximately 12.2% of the enlarged share capital upon completion [1] Group 2 - Approximately HKD 30 million of the proceeds will be used for the development of VSING's business segments, while the remainder will be allocated for general working capital [1] - The issuance is conducted under a general mandate granted by the shareholders, thus no shareholder approval is required, and completion is expected within five business days after conditions are met [1]