Reach New Holdings Ltd. has successfully completed a private placement under a general mandate, as announced by the company. On June 11, 2025, the company finalized the placement of 204,000,000 new shares, representing approximately 16.64% of the company's enlarged issued share capital. The shares were placed at a price of HK$0.1 per share to 11 independent placees. Notably, Ms. Xiao Fengmei, one of the placees, subscribed for 148,880,000 shares, now holding approximately 12.14% of the company's enlarged share capital. Ms. Sha Xuanyi, an executive Director and Chairlady, continues to hold a significant stake with 132,400,000 shares, representing about 10.80% of the company's issued share capital post-placement.
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