According to Zhitong Finance App News, Xingda International (01899) issued an announcement. All conditions of the subscription agreement have been met, and the completion has been implemented on February 8, 2024 in accordance with the terms and conditions of the relevant subscription agreements.

A total of 258 million subscribed shares (with a total face value of HK$257.68 million) (equivalent to approximately 15.50% of the company's issued share capital immediately prior to completion; and approximately 13.42% of the company's issued share capital expanded by allotment and issuance of subscription shares immediately after completion) have been issued to the subscribers at the subscription price of HK$1.31 per subscription share, that is, the issuance of 133 million subscribed shares to subscriber A, the issuance of 39.9 million subscribed shares to subscriber B, and the issuance of 478,88,000 shares to subscriber C Subscribe for shares.

The total proceeds from the subscription were approximately HK$338 million, and the net proceeds after deducting expenses were approximately HK$337 million.