GT GOLD (08299) announced that on May 18, 2026, the company, as the issuer, entered into a placement agreement with joint placing agents. According to the agreement, the company conditionally agreed to issue, and the joint placing agents conditionally agreed to act as the company's agents to use their best efforts to place up to 398 million placement shares at a placing price of HK$0.4275 per share. The placement shares represent approximately 4.70% of the company's existing issued share capital as of the date of this announcement, and approximately 4.49% of the company's total issued share capital as enlarged by the issuance of the placement shares (assuming no change in the total number of issued shares from the date of this announcement to completion other than the issuance of the placement shares). The placing price of HK$0.4275 per share represents a discount of approximately 14.50% compared to the closing price of HK$0.50 per share on The Stock Exchange of Hong Kong on the last trading day. Assuming all placement shares are fully placed, the total net proceeds from the placement (after deducting all related costs and expenses, including placing commissions, legal fees, and levies) are estimated to be approximately HK$165 million. On this basis, the estimated net price per placement share is approximately HK$0.416.