Grand Ocean AR shareholders will deposit stocks into Huatong Securities, with a storage market value of HKD 16.5726 million

According to the latest information from the Hong Kong Stock Exchange, on October 17, shareholders of GRAND OCEAN AR deposited shares into HuTong Securities, with a warehouse market value of HKD 16.5726 million, accounting for 20%. GRAND OCEAN AR announced that the completion of the placement has been confirmed as of 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 supplementary agreement), at an adjusted placement price of HKD 0.335 per share to no less 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