ZXZN QI-HOUSE (08395) completed a placement of a total of 130 million shares, raising approximately HK$102 million.

ZXZN QI-HOUSE (08395) announced that all conditions of the placement agreement have been met, and therefore, the placement matter was completed on August 28, 2026. A total of 130 million placement shares were issued at a placement price of HKD 0.81 per share to four subscribers (namely, United Joy Enterprises Inc. (United Joy), Zhongyi Investment Limited (Zhongyi Investment), Well Foundation Company Limited (Well Foundation), and Jin Jun Services Limited (Jin Jun Services)), accounting for approximately 7.58% of the enlarged issued share capital of the Company following the completion of the placement. As the placement shares under the placement matter were not fully subscribed, the actual total proceeds and net proceeds (after deducting the placement commission, professional fees, and all related expenses incurred by the Company) were approximately HKD 105 million and HKD 102 million, respectively. Based on this, the net issue price will be approximately HKD 0.79 per placement share. The Group intends to use the net proceeds from the placement for the following purposes: (a) HKD 85 million to pay the cash portion of the consideration under the sale and purchase agreement; and (b) HKD 17.2 million for general working capital.