(01808.HK): Placement agreement is invalid.

Zhtng Cijng APP news, Q zhn Kngg (01808.HK) issued a notice stating that due to the failure to meet the preconditions of the placement agreement by the final deadline (ie June 5, 2026) or earlier, the placement agreement has become invalid and the placement will not proceed. The placement agent and the company will immediately cease and terminate all obligations and responsibilities under the placement agreement, and neither the placement agent nor the company may make any claims against each other for this. However, this does not apply to previous violations of the placement agreement, and will not affect the rights and responsibilities already incurred by the placement agent and the company.