Rongji Wantong (08125) completed the placement of 20.6821 million shares to raise approximately HK$7.41 million

Zhitong Finance App News, Rongji Wantong (08125) issued an announcement. All conditions contained in the placement agreement have been fulfilled, and the placement matters have been completed on August 17, 2026 in accordance with the terms and conditions of the placement agreement. The placement agent has successfully placed 20.6821 million shares at the placement price of HK$0.385 per share to no less than six undertakers, which is equivalent to approximately 9.54% of the Company's issued share capital immediately after the placement was completed.

The net proceeds from the placement (after deducting placement commissions and other related expenses (including) professional expenses) of the placement items are approximately HK$7.41 million, which is intended to be used for (i) working capital of the Group's financial services business (ii) working capital of the Group's engineering business (iii) general corporate and administrative expenses.