Summary by Moomoo AI
CHIEG GROUP HOLDINGS INTERNATIONAL LIMITED (THE “COMPANY”) ISSUED A SUPPLEMENTAL NOTICE ON 23 FEBRUARY 2024 PROVIDING FURTHER INFORMATION ON THE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023. The annual report showed that the use of approximately HK$1.05 million of net proceeds from the subscription agreement remained consistent with the intended use. The uses include HK$86.3 million in outstanding debt, of which HK$6.1 million has not been activated, and HK$18.7 million in general working capital, which is currently inactive. The announcement was made by the Chairman, Chief Executive Officer and Executive Director on behalf of the Board of Directors, Mr. Wong Man Fai.