Zhitong Finance App News, TL NATURAL GAS (08536) issued an announcement. All prerequisites for the placement have been met, and the completion was implemented on January 30, 2024. According to the terms of the placement agreement, a total of 5.94 million shares of the placement have been placed to no less than six undertakers at an placement price of HK$0.658 per share. According to the full knowledge, knowledge and conviction of the Company after making all reasonable inquiries, the undertakers and their respective ultimate beneficial owners are independent third parties. Following the placement, none of the assignees were or will be the company's principal shareholders.

The total proceeds from the placement were HK$3.9085 million. After deducting commissions and other related expenses, the net proceeds from the placement were approximately HK$3 million. The net proceeds from the placement will be used to invest in renewable energy-related businesses, including related facilities and equipment, and the Group's general working capital.