Core Viewpoint - Zhonglian Development Holdings (00264) has successfully completed a placement of 12.916 million shares at a price of HKD 2.16 per share, representing approximately 2.80% of the existing issued share capital prior to the placement completion [1] Group 1 - The net issuance price per share after deducting placement commissions and related expenses is approximately HKD 2.101 [2] - The total amount raised from the placement is approximately HKD 27.9 million, with a net amount of approximately HKD 27.14 million after deductions [2] - The net proceeds are intended for general working capital and to enhance the group's financial position, with specific allocations including approximately HKD 11.6 million (42.74% of net proceeds) for purchasing materials and equipment related to leather manufacturing and related services [2] Group 2 - Approximately HKD 9.04 million (33.31% of net proceeds) will be used for general working capital, including rent, employee costs, professional fees, and other administrative expenses [2] - Approximately HKD 6.5 million (23.95% of net proceeds) will be allocated for repaying outstanding debts [2]

Group 1 - The company Zhonglian Development Holdings (00264) has completed a placement of 12.916 million shares, representing approximately 2.80% of the existing issued share capital before the placement and about 2.72% after the placement [1] - The placement was successfully executed at a price of HKD 2.16 per share, with a net issuance price of approximately HKD 2.101 per share after deducting placement commissions and related expenses [2] - The total amount raised from the placement is approximately HKD 27.9 million, with a net amount of about HKD 27.14 million intended for general working capital and to enhance the financial position of the group [2] Group 2 - Approximately HKD 11.6 million (42.74% of the net proceeds) will be used for purchasing materials, equipment, and costs related to leather manufacturing and/or clean services for leather and automotive engines [2] - About HKD 9.04 million (33.31% of the net proceeds) will be allocated for general working capital, including rent, employee costs, professional fees, and other administrative and operational expenses [2] - Approximately HKD 6.5 million (23.95% of the net proceeds) will be used to repay outstanding debts [2]

Group 1 - The company, Zhonglian Development Holdings (00264), announced a placement agreement with a placement agent to issue up to 20 million shares at a price of HKD 2.16 per share, conditional on the agreement with at least six independent third-party subscribers [1] - The maximum number of shares to be placed represents approximately 4.33% of the company's existing issued share capital of 462 million shares as of the announcement date [1] - The placement price of HKD 2.16 per share reflects a discount of approximately 14.96% compared to the closing price of HKD 2.540 on January 6, 2026 [1] Group 2 - The expected total gross proceeds from the placement are approximately HKD 43.2 million, with a net amount of about HKD 42.06 million after deducting placement commissions [2] - The net proceeds will be used to enhance the company's financial position and general working capital, with allocations including approximately HKD 18 million for materials and equipment related to leather manufacturing and clean services, HKD 14.06 million for general operational expenses, and HKD 10 million for repaying outstanding debts [2]

Group 1 - The company, Zhonglian Development Holdings (00264), announced a placement agreement to issue up to 20 million shares at a price of HKD 2.16 per share, representing a discount of approximately 14.96% from the closing price of HKD 2.54 on January 6, 2026 [1] - The maximum number of shares to be placed accounts for about 4.33% of the company's existing issued share capital of 462 million shares as of the announcement date [1] - The placement shares will be issued under the general mandate granted to the directors at the annual general meeting scheduled for June 3, 2025 [1] Group 2 - The expected total gross proceeds from the placement are approximately HKD 43.2 million, with net proceeds estimated at HKD 42.06 million after deducting placement commissions [2] - The net proceeds will be allocated as follows: approximately HKD 18 million for purchasing materials and equipment related to leather manufacturing and clean services for automotive engines; approximately HKD 14.06 million for general working capital, including rent, employee costs, and administrative expenses; and approximately HKD 10 million for repaying outstanding debts [2]

Core Viewpoint - Zhonglian Development Holdings (00264) has successfully completed a placement of 15 million shares at a price of HKD 1.75 per share, raising approximately HKD 25.55 million for general operational funding and to enhance the group's financial position [1] Fund Allocation - Approximately HKD 6.06 million will be used to purchase materials, equipment, and costs related to leather manufacturing and clean services for leather and automotive engines [1] - About HKD 13.69 million is allocated for general operational funding, including rent, employee costs, professional fees, and other administrative and operational expenses [1] - Around HKD 2.94 million will be used to settle outstanding payables [1] - The remaining approximately HKD 2.86 million is earmarked for new business development opportunities, including but not limited to Web3 technology applications [1]

Core Viewpoint - Zhonglian Development Holdings (00264) has successfully completed a placement of 15 million shares at a price of HKD 1.75 per share, raising approximately HKD 25.55 million for general operational funding and enhancing the group's financial position [1] Summary by Categories Placement Details - The placement agreement conditions have been fully met, and the placement was completed on October 27, 2025 [1] - A total of 15 million shares were successfully placed to no fewer than six subscribers [1] Use of Proceeds - The net proceeds of approximately HKD 25.55 million will be allocated as follows: - Approximately HKD 6.06 million for purchasing materials, equipment, and costs related to leather manufacturing and clean services for leather and automotive engines [1] - Approximately HKD 13.69 million for general operational funding, including rent, employee costs, professional fees, and other administrative and operational expenses [1] - Approximately HKD 2.94 million for settling outstanding payables [1] - The remaining approximately HKD 2.86 million will be used for new business development opportunities, including but not limited to Web3 technology applications [1]

Core Points - Zhonglian Development Holdings (00264.HK) has successfully completed a placement of 15 million shares at a price of HKD 1.75 per share, with a net issuance price of approximately HKD 1.70 per share after deducting commissions and related expenses [1] - The net proceeds from the placement amount to approximately HKD 25.55 million, which will be used to enhance the company's financial position and general working capital [1] Fund Allocation - Approximately HKD 6.06 million will be allocated for the purchase of materials, equipment, and costs related to leather manufacturing and clean services for automotive engines [1] - Around HKD 13.69 million will be used for general working capital, including rent, employee costs, professional fees, and other administrative and operational expenses [1] - Approximately HKD 2.94 million will be allocated for the repayment of outstanding payables [1] - The remaining HKD 2.86 million will be directed towards new business development opportunities, including but not limited to Web3 technology applications [1]

Group 1 - The company, Zhonglian Development Holdings (00264), has announced a placement agreement to issue up to 15 million shares at a price of HKD 1.75 per share, which represents a discount of approximately 16.27% compared to the closing price of HKD 2.09 on September 30, 2025 [1][2] - The maximum number of shares to be placed corresponds to about 3.25% of the enlarged issued share capital of the company, assuming no changes in the issued share capital during the placement period [1] - The expected net proceeds from the placement, after deducting commissions and related expenses, will be approximately HKD 25.55 million, with a net issue price of about HKD 1.70 per share [2] Group 2 - The company plans to use the net proceeds from the placement for general working capital and to enhance its financial position, with allocations including approximately HKD 6.06 million for materials and equipment related to leather manufacturing and cleaning services, HKD 13.69 million for general operational expenses, HKD 2.94 million for settling outstanding payables, and approximately HKD 2.86 million for new business development opportunities [2]