Zhitong Finance App News, Huaxi Media (01003) announced that on November 12, 2026, the company signed a placement agreement with the placement agent. The company plans to place up to 323 million shares to no less than six beneficiaries through the placement agent at a price of HK$0.2480 per share, a premium of about 1.64% over the closing price of HK$0.2440 per share reported on the Stock Exchange on the last trading day. The maximum net raise of the placement is approximately HK$79.79 million, and it is intended that all of the funds will be used to invest in AI business, including but not limited to companies engaged in AI business.

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