KING'S STONE (01943) has completed the issuance of a total of 28.97 million shares of allocated shares.

KING'S STONE (01943) announced that all conditions of the placement agreement have been met, and the placement was completed on October 14, 2025. A total of 28.97 million shares were placed at a placement price of HK$0.637 per share, in accordance with the terms and conditions of the placement agreement, and issued to no fewer than 6 placing agents. This represents approximately 2.81% of the enlarged issued share capital of the company post-placement. The directors have conducted all reasonable enquiries and are satisfied that the placing agents and their ultimate beneficial owners (where applicable) are independent third parties. There are no placing agents who will become major shareholders post-placement (as defined in the Listing Rules).