ABC MULTIACTIVE (08131) successfully completed the placement of a total of 120 million shares, raising approximately HKD 11.5 million.

ABC MULTIACTIVE (08131) announced that the preconditions set out in the placement agreement have been met. The completion of the placement is expected to be finalized on June 30, 2026. The placement agent has successfully placed a total of 120 million shares at a price of HK$0.10 per share to no fewer than six sub-underwriters. The directors, after making all necessary inquiries, are of the opinion that the sub-underwriters are independent third parties unrelated to the company or any of its related parties, and do not have any connections or concerted actions with the company. It is not expected that the sub-underwriters will become major shareholders of the company following the completion of the placement. The net proceeds from the placement, after deducting the placement commission payable to the placement agent and other expenses, are approximately HK$11.5 million. The group intends to use approximately HK$8 million to repay promissory notes, and around HK$3.5 million for general working capital, including approximately HK$2.5 million for employee salaries over the next six months and approximately HK$1 million for other daily operational expenses, including but not limited to rental expenses and software development.