Zhitong Finance App News, Easy Life Holdings (00223) issued an announcement. All conditions of the placement agreement have been met, and the placement matters have been completed on October 26, 2026. According to the terms and conditions of the placement agreement, a total of 278 million placed shares have been allocated and issued to no less than six undertakers at the placement price of HK$0.1 per share. These shares account for approximately 14.54% of the company's issued share capital which was expanded through allotment and issuance of placement shares immediately after completion.
The net proceeds from the placement (after deducting the placement commission and other expenses relating to the placement) are approximately HK$27.2 million, to be used as follows: (i) approximately HK$8.85 million (equivalent to approximately 32.54% of the net proceeds from the placement) to develop the Group's supply chain business, including advance financing payments to suppliers; (ii) approximately HK$7.47 million (equivalent to approximately 27.46% of the net proceeds from the placement) to settle certain outstanding payables of the Company, including professional fees and repayment of directors' loans; and (iii) about 10III HK$880,000 (equivalent to (Approximately 40.00% of the net proceeds from the placement) is used to supplement the Group's working capital, of which (a) approximately HK$7.63 million is intended to be used mainly to pay employee salaries and office rent at the Hong Kong headquarters; and (b) approximately HK$3.25 million is intended to be used mainly to pay employee salaries, office rent, marketing expenses and other related costs of the Company's subsidiaries operating in China.