rouletteonlinecustom| Hengxin Technology (01085.HK): Completed the placement, and 77.6 million shares were successfully placed at HK$0.96/share

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Hengxin Technology completes the placingRouletteonlinecustomAt 0 per shareRouletteonlinecustom. HK $96 placing 77.6 million shares to not less than six Placees.

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Hengxin Technology successfully placed 77.6 million shares [Hengxin Technology (01085)Rouletteonlinecustom.HK) successful completion of the placing of 77.6 million shares] 13 May 2024RouletteonlinecustomHengxin Technology announced that all the conditions for the completion of the placing have been reached on May 8, 2024, and the completion of the placing has been completed on May 13, 2024. In accordance with the terms and conditions of the placing Agreement, the placing Agent has successfully placed a total of 77.6 million placing shares to not less than six Placees at the placing price of HK $0.96 per placing share. The successful implementation of this placement marks the further confirmation of Hengxin's strength in the capital market, and also provides more financial support for its future business development. Hengxin Technology said that the proceeds from this placement will mainly be used for the company's general working capital and debt repayment. Through this placement, the company will further improve its financial position and lay a solid foundation for future business expansion and investment layout. In the highly competitive technology market, Hengxin Technology continues to launch innovative products to meet the needs of different customers by virtue of its technological advantages and market position in the field of communication equipment. The success of this placement not only brings new funds for the company, but also provides more imagination space for the future development of the company. It is worth noting that no less than six investors participated in this placement, which shows the market's recognition and confidence in Hengxin technology. At the same time, the price of the placing shares is HK $0.96 per share, reflecting the market's valuation of the company. Hengxin Technology said that the funds obtained from this placement will provide more support for its future development. The company will continue to strengthen technology research and development, expand the market layout, and further enhance its competitiveness in the technology industry. At the same time, the company will actively seek cooperation with all parties to jointly open up a broader market space. In short, the successful placement of 77.6 million shares by Hengxin Technology has not only brought new funds for the company, but also injected new vitality into the future development of the company. In the context of the rapid development of the technology industry, Hengxin Technology is expected to take advantage of the success of this placement to further consolidate and enhance its position in the industry and create more value for shareholders.

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