Zhongxian Smart Qijia Holdings (08395) completed the placement of a total of 130 million shares to raise about HK$102 million

Zhitong Finance App News, Zhongxian Smart Qijia Holdings (08395) issued an announcement. All conditions of the placement agreement have been met, so the placement was completed on August 28, 2026. A total of 130 million placement shares have been distributed to four undertakers (namely United Joy Enterprises Inc. (United Joy), Zhongyi Investment Co., Ltd. (Well Foundation), Well Foundation Company Limited (Well Foundation) and Jin Jun Services Limited (Jinjun Services)) at the placement price of HK$0.81 per share in accordance with the terms and conditions of the placement agreement, which were distributed and issued by the Company immediately after the placement was completed The expanded issued share capital of the placed shares was approximately 7.58%.

Since the shares placed under the placement were not fully placed, the total amount and net amount of actual proceeds from the placement (after deducting placement commissions, professional fees and all related expenses incurred by the Company) were approximately HK$105 million and approximately HK$102 million respectively. Based on this benchmark, the net issue price would be approximately HK$0.79 per placed share. The Group intends to use the net proceeds from the placement for the following purposes: (a) HK$85 million to cover the cash portion of the price under the sale agreement; and (b) HK$17.2 million for general working capital.