Hong Kong Gold Industry Group (02623) completed the placement of a total of 23.2 million shares to raise approximately HK$93.2 million

According to the Zhitong Finance App, Hong Kong Gold Industry Group (02623) issued an announcement. As of the date of this announcement, all conditions contained in the placement agreement have been met, and the completion was completed on August 4, 2026. According to the terms and conditions of the placement agreement, the joint placement agent has placed a total of 23.2 million placed shares at a placement price of HK$408 per share to no less than six undertakers (such undertakers and their ultimate beneficial owners (if applicable) are independent third parties), which is equivalent to (i) approximately 4.42% of the 525 million shares of the Company's issued share capital immediately prior to completion; and approximately 4.23% of the 549 million shares of the Company's issued share capital immediately after completion; and approximately 4.23% of the 549 million shares of the Company's issued share capital immediately after completion. None of the undertakers or their contacts became major shareholders immediately after completion.

The total proceeds from the placement were approximately HK$94.7 million, and the net proceeds from the placement (after deducting the placement commission and other expenses arising from the placement) were approximately HK$93.2 million. The Company intends to use all net proceeds from the placement to seek suitable investment and/or acquisition opportunities as assessed by the Board of Directors from time to time, and the target company is to engage in gold, silver and/or other precious or non-ferrous metal mining business in China or overseas.