Zhitong Finance App News, Bairong Smart-W (06608) issued an announcement. All prerequisites for the placement have been met, and the placement has been completed on August 26, 2026 in accordance with the terms and conditions of the Warrant Placement Agreement.

According to the warrant placement agreement, the placement agent has placed a total of 37.393,500 warrants to no less than 6 undertakers at an placement price of HK$0.29 per warrant. Warrant holders will be entitled to subscribe for up to 37.393,500 share of warrants at an exercise price of HK$8.0 per share (subject to adjustment) for a period of two years from the date of issue of the warrants.

The net proceeds from the issuance of the warrants are approximately HK$10.119 million and are expected to be used (i) to increase investment in R&D; and (ii) working capital and general corporate purposes.

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