LOPAL TECH has entered into a placement agreement with joint placing agents. The company plans to issue up to 15 million new shares at a price of HK$13.09 per share. This represents a discount of approximately 8.91% compared to the closing price of HK$14.37 per H share on the previous trading day.

Assuming all placement shares are successfully issued, the net proceeds are estimated to be around HK$194 million. Approximately 58.69% of the funds raised are intended to be used as general working capital for the Jintan project.

The remaining 41.31% of the proceeds will be allocated to partially repay an outstanding loan from China Minsheng Bank's Nanjing branch. This loan, with a principal amount of RMB 130 million, is due on August 27, 2026. The balance of the loan is expected to be settled using the company's existing internal funds.