Golden Power Group Holdings Limited (the “Company,” stock code: 3919) has entered into a conditional agreement on 24 October 2025 with Electronica Capital Limited (“Subscriber”) for the subscription of 6,480,000 new shares at HK$1.00 per share. These Subscription Shares account for 20% of the Company’s existing issued share capital and approximately 16.7% of its enlarged share capital upon completion, under the general mandate granted in June 2025. The subscription price represents a discount of about 13% to the HK$1.15 closing price on 24 October 2025 and about 10.7% to the HK$1.12 average closing price over the preceding five consecutive trading days.

The gross proceeds total approximately HK$6.48 million, with estimated net proceeds of HK$6.40 million. The Company intends to allocate about HK$1.5 million for extending its battery business into the electric vehicle fast-charging market, around HK$2.5 million for repaying outstanding bank facilities, and the remainder for general working capital. Upon completion, the Subscriber will become a substantial shareholder. The agreement remains subject to certain conditions—if not fulfilled by 14 November 2025, the transaction will not proceed. The Company notes that the net proceeds from a previous share subscription in May 2025 were fully utilized. Shareholders and potential investors are advised to exercise caution as the Subscription may or may not complete.