On October 31, Grunt (08187.HK) announced that the board of directors is pleased to announce that all conditions in the placement agreement have been met and the placement has been completed on October 31, 2024. A total of 43,338,240 shares of placement shares have been successfully placed at a price of HK$0.25 per share to not less than six placees by the placement agent in accordance with the terms and conditions of the placement agreement, equivalent to approximately 28.57% of the enlarged issued share capital following the completion of the placement and issuance of placement shares by the company.