GCL New Energy Holdings Limited disclosed that on 8 May 2026 it issued and allotted 91.74 million new ordinary shares under its general mandate, as detailed in its Next Day Disclosure Return filed with the Hong Kong Stock Exchange. The shares were placed at HKD 1.05 each in accordance with the Subscription and Investment Agreement announced on 8 January 2026 and the Supplemental Agreement dated 12 March 2026.

The new issuance expanded the company’s share base by 5.46%, taking the total number of issued shares (excluding treasury shares) from 1.68 billion to 1.77 billion. Based on the placement price, the transaction raised approximately HKD 96.33 million.

No treasury shares were outstanding and no share repurchases or redemptions were recorded as at the close of 8 May 2026. The board confirmed that the share issue complied with all applicable listing rules and regulatory requirements and that all proceeds have been duly received.