<p>CHAODA MODERN (00682.HK) announced the placement of up to 32.95 million new shares, equivalent to 16.67% of the enlarged share capital; the placement price is HKD 0.225, a discount of 15.09% compared to today's (1st) closing price. The total fundraising amount is HKD 7.41 million, with a net amount of HKD 7.19 million intended for general working capital</p>

00682

<p>CHAODA MODERN announced a placement of up to 32.95 million new shares, equivalent to an enlarged share capital of 16.67%; the placement price is HKD 0.225, a discount of 15.09% compared to today's (1st) closing price. The total fundraising amount is HKD 7.41 million, with a net amount of HKD 7.19 million intended for general working capital</p>

CHAODA MODERN discounted 15.09% for the placement, raising HKD 7.41 million