Shareholders of Foton Co., Ltd. (08196) deposited their shares into KGI Securities's Asian deposit with a market value of HK$4.855,500

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on December 31, shareholders of Futian shares (08196) deposited their shares in KGI Securities Asia with a market value of HK$4.855,500, accounting for 14.1%.

Foton Co., Ltd. announced that the prerequisites contained in the placement agreement have been fulfilled. The completion of the placement was implemented on December 31, 2025. The placement agent successfully placed a total of 7.47 million shares to no less than six undertakers at the placement price of HK$0.60 per share.

According to the directors' full knowledge, knowledge and conviction after making all joint inquiries, the undertaker is a third party independent of the company and is unrelated to any related person of the company or any of their respective contacts, and is not acting in concert. None of the undertakers became major shareholders of the company immediately after completion. The net proceeds from placement transactions (after deducting placement commissions payable to placement agents and other expenses arising from placement transactions) are approximately HK$4.29 million and are intended to be used for the Group's general working capital and business development.