ZHONGAN SERVICE (02271) has announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on February 27, 2026. According to the terms of the agreement, the placement agent successfully allotted a total of 25.45 million placement shares to no fewer than six placees at a price of HK$1.52 per share. This represents approximately 4.69% of the enlarged issued share capital of ZHONGAN SERVICE following the completion of the placement. After deducting commissions and other related expenses incurred by the company, the net proceeds from the placement amount to approximately HK$38.09 million. Following the placement, ZHONGAN's equity interest in ZHONGAN SERVICE will decrease from about 71.28% to approximately 67.94%, representing a dilution of around 3.34%. ZHONGAN SERVICE will remain an indirect non-wholly owned subsidiary of ZHONGAN, and its financial results will continue to be consolidated into ZHONGAN's financial statements.