The Hong Kong Gold Industry Group (02623.HK) has completed the placement of a total of 23.2 million shares, raising approximately HKD 93.2 million.

Zhitong Finance APP news, Hong Kong Gold Industry Group (02623.HK) announced that as of the date of this announcement, all conditions stated in the placement agreement have been met, and completion was certified on August 4, 2026. In accordance with the terms and conditions of the placement agreement, the joint placement agents have placed a total of 23.2 million placement shares at the placement price of HK$4.08 per share with no less than six subscribers (such subscribers and their ultimate beneficial owners, if applicable, are all independent third parties). This accounts for approximately (i) 4.42% of the company's total issued share capital of 525 million shares immediately prior to completion; and approximately 4.23% of the enlarged total issued share capital of 549 million shares after the placement shares have been allotted and issued. There will be no subscribers or their contacts becoming major shareholders immediately after completion.