JIMU GROUP (08187) completes placement of 30,336,800 shares, raising net proceeds of approximately HK$16.1 million.

JIMU GROUP (08187) announces that all conditions precedent set out in the placing agreement have been fulfilled, and completion of the placing took place on 23 October 2026 in accordance with the terms and conditions of the placing agreement. A total of 30,336,800 placing shares (representing approximately 16.67% of the issued share capital of the Company as at the date of this announcement immediately following completion) have been successfully placed at the placing price of HK$0.55 per placing share to not less than six placees. After deducting all relevant expenses (including but not limited to placing commission, legal expenses and reimbursable expenses), the net proceeds from the placing amounted to approximately HK$16.1 million. The Company intends to apply the net proceeds from the placing as follows: (i) approximately HK$3 million for repayment of the above-mentioned unsecured loan and/or the relevant accrued interest; and (ii) approximately HK$13.1 million as general working capital of the Group to support and facilitate the existing businesses and operating activities of the Group, including funding the ongoing operating expenses, trade payables and other payables, and other general corporate and business requirements of the Group.