Gelonghui April 26 | Weimeng Group (02013.HK) issued an announcement. All conditions under the placement agreement have been met, and the placement will be completed on April 26, 2024. According to the terms of the placement agreement, a total of 277 million placed shares (accounting for approximately 9.02% of the company's issued share capital after being allocated and extended by the placement shares on the date of this announcement) were successfully placed at a placement price of HK$1.13 per placed share to no less than six professional investors. The company's net proceeds from the placement were approximately HK$308 million. The company intends to use all of the net proceeds collected by the company to refinance existing debts.