Zhitong Finance App News, Jin Taifeng International Holdings (09689) issued an announcement. All conditions contained in the placement agreement have been met, and the placement was completed on August 5, 2026. A total of 186 million placed shares (equivalent to 20% of the Company's issued share capital immediately prior to completion and approximately 16.67% of the Company's issued share capital after the issuance and expansion of the placement shares) have been successfully placed to no less than six undertakers at an placement price of HK$0.69 per share. According to the full knowledge, knowledge and conviction of the directors after making all reasonable inquiries, the undertaker and its ultimate beneficial owner are independent third parties. Following the placement, none of the undertakers or their respective contacts became the Company's principal shareholders.

After deducting all expenses relating to the placement matters (including but not limited to placement commissions, legal expenses and advance payments), the net proceeds were approximately HK$126 million.

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