Moody Technology Holdings Limited announced that it has entered into a placing agreement for a best efforts private placement of 15,055,354 common shares at a price of HKD 0.51 for gross proceeds of HKD 7,678,230 on November 23, 2022. The transaction is subject to approval from board of directors and the Listing Committee of the Stock Exchange. The transaction is expected to close on the third business day after the date on which all the conditions precedent are satisfied or such other date as company and the placing agent may agree in writing.