08620.HK announcement on the proposed placement of existing shares in the company held by 3C Holding Limited, the company's controlling shareholder. The Board announced that upon the expiry of the placing period on 12 December 2021, the placing letter had lapsed and the placing would not take place.
According to the placing letter, all rights, obligations and obligations of the placing Agent and 3C Holding under the placing letter will be terminated and terminated, and the parties to the placing letter shall not make any claim against other parties in respect of the placing letter.