Gelonghui, May 20, 丨 China Canada Guoxin (00899.HK) announced that the board of directors is pleased to announce that all conditions contained in the placement agreement have been fulfilled and that the placement matters have been completed on May 20, 2024. In accordance with the terms and conditions of the placement agreement, the placement agent has successfully placed a total of 187,680,560 shares at an placement price of HK$0.105 per share, accounting for approximately 16.7% of the company's issued share capital through allotment and issuance of placement shares following the completion of the placement matters.