<p>According to the announcement from Hong Hai High-tech Resources (00065), the completion of the placement has been realized on October 17, 2025. A total of 40.92 million placement shares have been successfully placed by the placement agent in accordance with the terms and conditions of the placement agreement (as amended and supplemented by the supplemental agreement), at an adjusted placement price of HKD 0.335 per share to no fewer than six subscribers, accounting for approximately 16.67% of the company's issued share capital after the completion of the placement and issuance of the placement shares. The net proceeds amount to approximately HKD 13.5 million</p>

00065

<p>On October 17, 2025, GRAND OCEAN AR completed the placement of 40.92 million shares at a price of HKD 0.335 per share, successfully raising approximately HKD 13.5 million. The shares placed accounted for about 16.67% of the company's issued share capital after the completion</p>

GRAND OCEAN AR completed the placement of 40.92 million shares, netting approximately HKD 13.5 million