AEC GROUP (08320) announced that on April 21, 2026, the company proposes to issue up to approximately 146.6 million placement shares through a placing agent, representing about 16.59% of the enlarged share capital. The placement price is HK$0.10 per share, which represents a discount of approximately 2.0% compared to the closing price of HK$0.102 per share as quoted on the Stock Exchange on the date of the placing agreement. The maximum net proceeds from the placement are expected to be approximately HK$14.164 million. The company intends to use the funds as follows: HK$10 million for working capital to develop new businesses in hydrogen energy, renewable energy, and sustainable supply chains; HK$3 million for repayment of existing bank loans; and approximately HK$1.1 million for administrative and corporate expenses.