City Coolxuan Company Limited (Stock Code: 8050) released a supplemental announcement on its annual report for the year ended 31 March 2025 and interim report for the six months ended 30 September 2025, detailing the latest status of net proceeds raised through a 2013 subscription of 450.00 million shares at HK$0.225 per share, which totaled approximately HK$100.00 million. The company originally planned to allocate about HK$30.00 million to pay up registered capital of subsidiaries, HK$50.00 million for further investments, and HK$21.25 million for general working capital.

According to the announcement, the Company still had HK$2.79 million of unutilized net proceeds at the end of March 2024. By 31 March 2025, only HK$0.90 million was used, leaving a balance of HK$1.89 million. The Company attributed the delay in full utilization to the availability of alternate funding sources and the absence of immediate working capital needs. These unutilized proceeds were placed in interest-bearing deposits.

During the six months ended 30 September 2025, the remaining HK$1.89 million was fully directed toward general working capital purposes, particularly tied to a newly signed technology service contract with a China-based mobile television provider. As of 30 September 2025, all net proceeds from the subscription were fully utilized. The Board confirmed that the supplemental information does not affect other disclosures in the 2025 Annual or Interim Reports.