C STRATEGIC TEC (01725): The Placing Agreement Has Lapsed

C STRATEGIC TEC (01725) announced that, in relation to the placing of up to 164 million placing shares at HK$0.300 per placing share under a general mandate, as the conditions precedent to the Placing Agreement were not fulfilled on or before the long stop date (i.e. 29 September 2026, as amended by the extension letter), the Placing Agreement has lapsed and the Placing will not proceed. All obligations and liabilities of the placing agent and the Company under the Placing Agreement ceased and terminated immediately, and neither party shall have any claim against the other in respect thereof, save for any prior breach of the Placing Agreement. The Board considers that the lapse of the Placing will not have any material adverse impact on the overall operations and financial position of the Company.