Full Press Release Details
Charming Medical Limited Announces Full Exercise of Representative's Over-allotment Option
Hong Kong, October 28, 2025 (PR NEWSWIRE)-
Charming Medical Limited (Nasdaq: MCTA) (the "Company"), a Hong Kong-based
provider of Traditional Chinese Medicine (TCM)-inspired therapies and products, today announced, in connection with its previously
announced initial public offering (the "Offering") of 1,600,000
Class A ordinary shares, par value $0.0001 per share (the "Class A
Ordinary Shares") at a price of $4.00 per share (the "Public Offering Price"), Cathay Securities, Inc., the
representative of the underwriters (the "Representative") of the Offering, has exercised its over-allotment option (the "Over-allotment")
in full to purchase an additional 240,000 Class
A Ordinary Shares at the Public Offering Price, and the closing of such
The Class A Ordinary Shares of the Company commenced
trading on the Nasdaq Capital Market on October 21, 2025, under the ticker symbol "MCTA." The gross proceeds from this Over-allotment
closing were US$0.96 million and the aggregate gross proceeds from the Offering increased to approximately US$7.36 million, before deducting
underwriting discounts and other offering expenses. The Company intends to use the net proceeds from the Offering for expanding its business
and geographic coverage, potential strategic investments and acquisitions, research and development, and for general working capital and
The Offering was conducted on a firm commitment basis.
Cathay Securities, Inc. acted as the representative of the underwriters for the Offering. Ortoli Rosenstadt LLP, Harney Westwood &
Riegels, and Fairbairn Catley Low & Kong acted as United States, British Virgin Islands and Hong Kong counsels to the Company, respectively.
Kaufman & Canoles, P.C. acted as U.S. counsel to the underwriters for the Offering.
The Offering was conducted pursuant to the Company's
registration statement on Form F-1 (File No. 333-287258), as amended, previously filed with, and subsequently declared effective by the
United States Securities and Exchange Commission (the "SEC") on September 30, 2025. A final prospectus describing the terms
of the Offering was filed with the SEC and is available on the SEC's website at www.sec.gov. The Offering was made only by means
of a prospectus, forming a part of the effective registration statement. Alternatively, electronic copies of the prospectus relating to
the Offering may be obtained from Cathay Securities, Inc., by standard mail to 40 Wall St., Suite 3600, New York, NY 10005, United States,
Attention: Shell Li, or via email at service@cathaysecurities.com, or telephone at +1 (855) 939-3888.
This news release does not constitute an offer to
sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state
About Charming Medical Limited (Nasdaq: MCTA)
Charming Medical Limited (the "Company")
is a Hong Kong-based provider of Traditional Chinese Medicine (TCM)-inspired
therapies and products. The Company integrates TCM principles with modern technology to enhance quality of life and promote
holistic well-being. Through its four wellness centers in Hong Kong, the Company offers a wide range of services, including womb-warming
therapy, pelvic detox therapy, moxibustion, prenatal massage, and traditional abdominal binding, designed to address women's health
issues such as menstrual irregularities, hormonal imbalance, and postpartum recovery. Under its "Beauty Lab" brand, Charming
Medical Limited also develops and distributes TCM-inspired supplements and beauty products, such as uterine care patches, probiotic washes,
and nourishing herbal formulations, aimed at improving women's constitution and vitality. In addition, the Company provides technical
training, dietary therapy consultancy, and franchise opportunities to extend its wellness philosophy to other practitioners and entrepreneurs.
For more information, please visit https://charmingmed.com.
Forward-Looking Statement
This press release contains forward-looking statements.
Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may,"
"will," "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking
statements. These forward-looking statements include, without limitation, the Company's intended use of proceeds from the sale of
the Company's Class A Ordinary Shares in the Offering. Forward-looking statements are not guarantees of future performance and involve
risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related
to market conditions and other factors discussed in the "Risk Factors" section of the registration statement filed with the
SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise
after the date hereof.
Investor Relations Contacts
Charming Medical Limited
Email: ir@hkbeautylab.com
INTELLIGENT JOY LIMITED
IR Consultant to Charming Medical Limited
Email: anne.lin@intelligentjoy.com