According to Zhitong Finance App News, Xinhua News Media (00309) issued an announcement. All prerequisites for the placement under the general authorization were reached on October 26, 2026, and the placement was completed on November 2, 2026. Since then, 5.83 million new shares (i.e. all placed shares) have been distributed and issued to no less than six underwriters at the placement price of HK$0.8 per share. Since the final deadline for placement matters has been extended from the original date of September 23, 2026 to October 27, 2026, the placement shares are issued in accordance with the general authorization granted to the directors of the Company by the Annual General Meeting of Shareholders held on September 28, 2026.

The 5.83 million placed shares account for approximately 11.19% of the total issued share capital of the Company after the expansion of placement matters.

The net proceeds from the placement of approximately HK$4,564 million (approximately HK$100,000 after deducting placement commissions, professional fees and all related expenses) will be used for the Group's general working capital.

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