Zhonglian Development Holdings (00264.HK) has successfully completed the issuance of a total of 15 million shares of placement shares.

Zhixin Finance APP news, Zhonglian Development Holdings (00264.HK) announced that all conditions stipulated in the placement agreement have been met and the placement transaction was completed on September 17, 2025. According to the terms of the placement agreement, a total of 15 million shares were successfully placed at a placement price of HK$1.42 per share to no less than 6 placing agents. These placed shares represent approximately 3.47% of the company's existing issued share capital of 432 million shares, and approximately 3.36% of the issued share capital after the placement and issuance of new shares.