According to Odaily Planet Daily, Hong Kong-listed company Yao Gao Holdings issued an announcement, announcing that it has conditionally agreed to place a maximum of 24,000,000 placement shares to no less than six subscribers through a placement agent. The placement price is HK$4.03 per placement share, and 20% of the net proceeds from the placement, or approximately HK$18.9 million, will be used for general working capital and MetaSpaceX Web3 business.