Foresight News reports that LianLian Digital announced on July 12, 2025, that it has entered into a placement agreement with placement agents to issue 38.4 million new H shares at a price of HKD 10.25 per share to no fewer than six independent professionals, institutions, and/or other investors. The announcement indicates that, assuming all placement shares are fully placed, the total amount of funds raised is expected to be approximately HKD 394 million. The net proceeds from the placement are intended to be used for innovations and applications of blockchain and other innovative technologies in the global payment field, global business and license expansion, and general corporate purposes.