According to Zhitong Finance App, Huazhang Technology (01673) issued an announcement that it did not successfully place any unsubscribed shares at 4:00 p.m. on April 15, 2024 (Monday) (that is, the placement end date). As a result, there is no net income to be realised or distributed to non-acting shareholders under the unsubscribed arrangement. As a result, a total of 399 million unsubscribed shares were purchased by underwriters in accordance with the terms of the underwriting agreement.

The net proceeds from the public sale (after deducting related expenses) were approximately HK$105 million.