Zhixun Finance APP News, Grand talents (08516) announced that after the trading session of the Stock Exchange on November 15, 2024, the company entered into a placing agreement with the placing agent. Accordingly, the company conditionally agreed to place up to 27.404 million shares through the placing agent to no less than six placees at a placing price of HK$0.120 per share based on the best efforts basis, and the placees and their ultimate beneficial owners are all independent third parties. The placing price of HK$0.120 per share is equivalent to the closing price per share of HK$0.120 on the last trading day as reported on the Stock Exchange.

Assuming the maximum number of placing shares are placed according to the placing agreement, the total amount of proceeds from the placing will be HK$3.3 million, and the net proceeds will be approximately HK$3.1 million (after deducting commissions and other expenses related to the placing). The directors intend to use the net proceeds from the placing for general working capital of the group.