The subscription agreement's conditions have been fully satisfied, and the share placement was finalized on June 12, 2026.
A total of 30 million subscription shares have been allotted and issued to the subscriber.
These shares represent approximately 2.70% of the company's total issued share capital immediately before the completion and about 2.63% of the enlarged issued share capital following the issuance of all subscription shares.
The net proceeds from the subscription, after deducting related expenses, are estimated to be approximately HK$10.6 million.
The company intends to use the net proceeds from this placement to fund the development of the group's renewable energy business.