OOIL(00316)2022-09-23 09:27Fund Utilization - The net proceeds from the first placement amounted to approximately HKD 923.73 million, fully utilized by December 31, 2021, with HKD 861.02 million allocated for shipbuilding and HKD 62.71 million for container purchases[2]. - The net proceeds from the second placement were approximately HKD 3,477.66 million, with HKD 365.87 million used by December 31, 2021, and HKD 730.17 million utilized by June 30, 2022[4]. - For the new 23,000 TEU vessel orders, HKD 1,950 million is planned for stage payments, with HKD 365.87 million already used by December 31, 2021[4]. - The remaining unutilized net proceeds from the second placement as of June 30, 2022, were HKD 1,219.83 million for the 23,000 TEU vessels and HKD 18.88 million for the 16,000 TEU vessels[4][5]. - The company has fully utilized the funds allocated for container purchases and general corporate purposes as of the announcement date[5]. - The company plans to utilize the remaining funds for the 16,000 TEU vessel payments due by June 30, 2023[5]. - The total planned allocation for the new vessel orders includes HKD 1,248 million for the 16,000 TEU vessels, with HKD 1,229.12 million already settled[4][5]. Payments and Settlements - The company has no further payments due for the 16,000 TEU vessels in 2022, as all payments were settled by December 31, 2021[5]. Corporate Governance - The company’s board of directors includes both executive and independent non-executive members, ensuring diverse oversight[6]. Exchange Rate - The exchange rate used for reference is USD 1 to HKD 7.80[5].