Xinhua News Media (00309.HK) completes placement of 5.83 million placement shares, raising net proceeds of approximately HK$4.564 million

Zhito Finance APP News, Xinhua News Communication Media (00309.HK) issued an announcement that all conditions precedent to the placing under the general mandate were fulfilled on October 26, 2026, and the placing was completed on November 2, 2026, after which 5.83 million new shares (i.e., all the placing shares) were allotted and issued at the placing price of HK$0.8 per share to not fewer than six placees. As the final deadline for the placing was extended from the original date of September 23, 2026 to October 27, 2026, the placing shares were issued under the general mandate granted to the directors of the Company by the annual general meeting held on September 28, 2026.