According to Zhitong Finance App News, Building Block Group (08187) issued an announcement. All the prerequisites contained in the placement agreement have been met, and the completion of the placement matters has been implemented on October 23, 2026 in accordance with the terms and conditions of the placement agreement. A total of 303.36,800 shares of the placed shares (equivalent to approximately 16.67% of the Company's issued share capital immediately after completion at the date of this announcement) have been successfully placed to no less than six undertakers at a placement price of HK$0.55 per share.

After deducting all related expenses (including but not limited to placement commissions, legal expenses and actual reported sales expenses), the net proceeds from the placement were approximately HK$16.1 million. The Company intends to use the net proceeds from the placement: (i) approximately HK$3 million to repay the above unsecured loans and/or related accrued interest; and (ii) approximately HK$13.1 million as the Group's general working capital to support and promote the Group's existing business and operating activities, including financing the Group's continuing operating expenses, trade payables and other accounts payable, and other general corporate and business requirements.

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