Dingyi GP Inv (00508.HK) announced on August 5th that the conditions contained in the placement agreement (supplemented by a supplemental placement agreement) were reached on July 31, 2024, and the placement matters were completed on August 5, 2024 in accordance with the terms of the placement agreement (supplemented by a supplemental placement agreement). A total of 0.115 billion shares were successfully placed at a placement price of HKD 0.47 per share to no less than six placing agents (equivalent to approximately 13.5% of the issued share capital of the company immediately after the completion of the placement matters).

The total amount of proceeds and net proceeds from the placement matters are approximately HKD 54.1 million and HKD 53.1 million, respectively, which are intended to be used as general working capital for the Group and to provide funds for any potential investment opportunities that may arise from time to time.