On the morning of September 24, Shandong Molong announced on the Hong Kong Stock Exchange that the company and the placement agent signed a placement agreement on September 24, 2026. According to this, the company agreed to issue the placement shares according to the placement price, and the placement agent agreed to act as the company's agent to induce the undertaker to purchase the placement shares at HK$3.50 per share according to the placement price. Placed shares will be distributed and issued in accordance with a general mandate. Assuming that all shares are placed, the total proceeds from the placement are estimated to be approximately HK$117.65 million, while the total net proceeds from the placement are estimated to be approximately HK$114.89 million. The company plans to use the net proceeds from the placement for the following purposes: about 70% to repay loans; about 20% to settle accounts payable from daily business operations, including payments for procurement of raw materials; and about 10% for working capital and general corporate purposes.

On the morning of September 24, Shandong Molong announced on the Hong Kong Stock Exchange that the company and the placement agent signed a placement agreement on September 24, 2026. According to this, the company agreed to issue the placement shares according to the placement price, and the placement agent agreed to act as the company's agent to induce the undertaker to purchase the placement shares at HK$3.50 per share according to the placement price. Placed shares will be distributed and issued in accordance with a general mandate. Assuming that all shares are placed, the total proceeds from the placement are estimated to be approximately HK$117.65 million, while the total net proceeds from the placement are estimated to be approximately HK$114.89 million. The company plans to use the net proceeds from the placement for the following purposes: about 70% to repay loans; about 20% to settle accounts payable from daily business operations, including payments for procurement of raw materials; and about 10% for working capital and general corporate purposes.