ARTA TECHFIN (00279) completes the placement of a total of 123 million shares, raising approximately 59.8 million Hong Kong dollars.

ARTA TECHFIN (00279) announced that on April 29, 2026, all the conditions set out in the placement agreement have been met, and the placement has been completed. A total of 123 million shares have been successfully placed at a placement price of HK$0.490 per share to no less than six independent placees. The total amount raised from the placement is approximately HK$60.3 million, with a net amount (after deducting expenses) of approximately HK$59.8 million. The company plans to use the net proceeds from the placement for the following purposes: approximately 50.2% to repay shareholder loans and related costs; approximately 40.2% for the continuous development of the group's business and enhancement of its existing business; and approximately 9.6% for general working capital and corporate purposes of the group.