On March 20, Gelonghui reported that COMBA (02342.HK) announced the completion of all conditions precedent under Subscription Agreement A and Subscription Agreement B, and the completion of Subscription A and Subscription B has been implemented according to the terms of Subscription Agreement A and Subscription Agreement B on March 20, 2025. Upon completion of Subscription A and Subscription B, 310,407,322 new shares and 31,040,732 new shares have been allotted and issued by the company to Subscriber A and Subscriber B respectively at a subscription price of HKD 1.09 per share.

The net proceeds from Subscription A and Subscription B amount to approximately HKD 0.372 billion, which will be used by the company for general working capital of the group.