According to the Zhitong Finance App, Pacific Legend (08547) announced that all the prerequisites contained in the placement agreement have been met, and the placement matters were completed on February 2, 2024, and the placement agent has successfully placed a total of 22.5 million shares of the placement shares to no less than six undertakers under the terms and conditions of the placement agreement in accordance with the terms and conditions of the placement agreement.

The total proceeds from the placement were approximately HK$4.73 million, while the net proceeds from the placement were approximately HK$4.6 million.