Zhitong Finance App News, China Party Culture (01532) issued an announcement. The conditions set out in the placement agreement were met on May 3, 2024, and the placement matters were completed on May 3, 2024 in accordance with the terms of the placement agreement. A total of 296 million placed shares (equivalent to approximately 16.67% of the company's issued share capital immediately after the placement was completed) have been successfully placed to no less than six undertakers at the placement price of HK$0.08 per placed share.