Lingbao Gold (03330) announced that on April 14, 2026, prior to the trading session, the seller, the company, and the placing agent entered into a placing and subscription agreement. Under the agreement, the seller appointed the placing agent to procure buyers for 29.816 million H shares at a placing price of HK$26.16 per share. Concurrently, the seller agreed to subscribe for the same number of new H shares—29.816 million—at the subscription price, which is identical to the placing price. The company will issue these new shares to the seller.

The placing shares represent approximately 2.55% of the existing issued H shares and about 2.20% of the total issued shares as of the announcement date. After the issuance of the new shares, the placing shares will account for roughly 2.48% of the enlarged H share capital and about 2.16% of the total enlarged share capital, assuming no other changes in the issued share count before completion.

The placing price of HK$26.16 per share represents a discount of approximately 4.53% compared to the closing price of HK$27.40 per H share on the Hong Kong Stock Exchange on the last trading day before the agreement date.

The gross proceeds from the subscription are expected to be approximately HK$780 million, with net proceeds amounting to HK$770.6 million. The net issue price per share is approximately HK$25.85. The company plans to use the net proceeds for the acquisition and construction of high-quality overseas gold mining assets, exploration and expansion of mineral resources, and general working capital purposes.

The board of directors has evaluated various fundraising options and believes that the placing and subscription arrangement offers an opportunity to raise capital while broadening the shareholder and capital base. The directors also consider that the placement will help reduce the group's overall bank borrowings and strengthen its financial position.