According to the Zhitong Finance App, Jin Taifeng International Holdings (09689.HK) announced that Xing Ming Co., Ltd., the controlling shareholder of the company, signed a placement agreement with a placement agent on October 30, 2026 to sell up to 120 million of the company's existing shares through the placement agent, at HK$0.6231 per share. The placement period will commence on the date of the placement agreement and must be completed no later than December 30, 2026.

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