SEAZEN (01030) completed the allocation of a total of 198 million shares, raising approximately HKD 469 million.

SEAZEN (01030) announced that the allotment and subscription matters were completed on February 9, 2026, and February 11, 2026, respectively. All the conditions of the allotment matters have been fulfilled, and the allotment matters were completed on February 9, 2026. A total of 198 million shares of sale shares were successfully allotted at the allotment price of HK$2.39 per share to no fewer than six subscriber(s) arranged by the placing agent. Furthermore, all the conditions of the subscription matters have been fulfilled, and the subscription matters were completed on February 11, 2026. A total of 198 million shares of subscription shares (equivalent to the number of sale shares allocated based on the allotment matters) were subscribed by the buyers at the subscription price of HK$2.39 per share. The subscription shares represent approximately 2.73% of the enlarged issued share capital of the Company after the issuance and subscription of new shares. The Company has received a net amount of approximately HK$469 million from the subscription matters. The Company intends to use the net proceeds from the subscription matters for the future development of the Group, repaying the Company's debt due in the future, and for general working capital of the Group.