• Completed a private placement of 987,396,192 new shares at HK$ 0.31 per share on Sept. 7, 2026.
• Net proceeds of about HK$ 303.53 million; 95% earmarked for debt and interest repayment, remainder for working capital.
• Hanbo Global subscribed all shares, taking a 16.67% stake and becoming a substantial shareholder.
• Issued share count rose to 5,924,377,152 from 4,936,980,960 following the placement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Manganese Investment Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260907-12322832), on September 07, 2026, and is solely responsible for the information contained therein.