GAODI HOLDINGS (01676) completed the placement of a total of 39.184 million shares, raising approximately HK$20 million.

GAODI HOLDINGS (01676) announced that all conditions set out in the placement agreement have been fulfilled, and the completion of the placement was implemented on December 20, 2025. A total of 39.184 million shares were successfully placed at a price of HK$0.52 per share to no fewer than six placees, representing approximately 15.16% of the enlarged issued share capital of the company after completion. The total proceeds from the placement amounted to approximately HK$20.38 million. The net proceeds from the placement (after deducting placement commission and other related expenses) amounted to approximately HK$20 million. These funds are intended to be fully utilized by December 2026 for the following purposes: approximately 50% for the group's existing food business, approximately 30% for the group's existing restaurant business, and 20% for the group's general operating expenses.