Zhitong Finance App News, Quantifier (02685) issued an announcement. All conditions set out in the placement agreement have been fulfilled and completed on September 28, 2026.
The joint placement agent has successfully placed a total of 42.908 million shares to no less than 6 undertakers in accordance with the terms and conditions of the placement agreement, at an placement price of HK$3.40 per share, accounting for approximately 7.63% of the company's issued share capital (i.e. 563 million shares), which was expanded through allotment and issuance of placement shares after completion.
The total proceeds from the placement were approximately HK$146 million. After deducting placement commissions and other related professional fees and expenses, the net proceeds from the placement were approximately HK$144 million, or the net issue price of each placed share was HK$3.35 million.
The Company intends to use the net proceeds from the placement for the following purposes and amounts: (i) Approximately 55% of the net proceeds (approximately HK$79.05 million) for e-commerce business development. Proceeds will mainly be used for business development in the e-commerce sector, including related business expenses such as platform app traffic delivery, user operation, supply chain payment settlement, channel development, etc., to support the growth of e-commerce business scale. (ii) Approximately 15% of the net proceeds (approximately HK$21.56 million) was used for R&D investment. Proceeds will be invested in technology research and development, covering technical team remuneration, data platform and intelligent system iteration, as well as expenses such as cloud server resources, third-party technical services, and new product prototype development to continuously enhance the platform's technical capabilities. (iii) Approximately 30% of the net proceeds (approximately HK$43.12 million) is used as general working capital. Proceeds will supplement the Group's daily working capital, meet the working capital requirements required for operation, including administrative, financial and human resources management expenses, repay operating accounts payable, and reserve capital buffers for the Group's business development to ensure the stable operation of the Group's overall business.