XH NEWS MEDIA (00309) completes placement of 5.83 million placement shares, raising net proceeds of approximately HK$4.564 million

XH NEWS MEDIA (00309) announced that all conditions precedent to the placing under the general mandate were fulfilled on October 26, 2026, and the placing was completed on November 2, 2026, pursuant to which 5.83 million new shares (being all the placing shares) were allotted and issued at the placing price of HK$0.8 per share to not fewer than six placees. As the final deadline for the placing was extended from the original date of September 23, 2026 to October 27, 2026, the placing shares were issued under the general mandate granted to the directors of the Company at the annual general meeting held on September 28, 2026. The 5.83 million placing shares represent approximately 11.19% of the entire issued share capital of the Company as enlarged by the placing. The net proceeds from the placing of approximately HK$4.564 million (after deducting placing commission, professional fees and all related expenses of approximately HK$100,000) will be used for the general working capital of the Group.