XXF Group completes placement of 154,687,500 shares at HK$ 0.82

• XXF Group completed a private placement of 154,687,500 existing shares at HK$ 0.82 per share on May 14.
• The company issued 154,687,500 top-up subscription shares at HK$ 0.82 per share on May 19, raising net proceeds of about HK$ 126 million.
• The placement was allocated to at least six investors; none became a substantial shareholder.
• Proceeds are earmarked for vehicle procurement to support its auto retail and finance operations, including new energy vehicle models, with full deployment expected within 12 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XXF Group Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260519-12163908), on May 19, 2026, and is solely responsible for the information contained therein.