China Huajun Group to Raise HK$13.00 Million via 12.00 Million-Share Placement at HK$1.09 Under General Mandate

Bulletin Express
昨天

Hong Kong – 2 July 2026 – China Huajun Group Limited announced that it has signed subscription agreements with no fewer than six independent professional investors for the issuance of 12.00 million new shares at HK$1.09 each. The placement leverages the general mandate granted at the 29 June 2026 AGM, under which up to 16.30 million shares (20.00% of existing share capital) may be issued without additional shareholder approval.

Key terms • Issue size: 12.00 million new shares • Subscription price: HK$1.09 per share  – 2.68% discount to the 2 July closing price of HK$1.12  – 19.85% discount to the five-day average closing price of HK$1.36 • Gross proceeds: HK$13.10 million; net proceeds after ~HK$0.10 million expenses: HK$13.00 million • Use of proceeds: repayment of debts and general working capital • Completion: targeted within 10 business days after all conditions—including Stock Exchange listing approval—are met; long-stop date is 31 August 2026

Capital structure impact Assuming no other changes before completion: • Current issued shares: 81.49 million • Post-placement issued shares: 93.49 million • Subscription shares represent 14.73% of current share capital and 12.84% post-enlargement. • Public float will rise to 33.36%, above the 25% Listing Rule minimum, as no Subscriber will hold more than 5%.

Strategic context Management views the fundraising as a timely opportunity to strengthen liquidity and broaden the shareholder base. The transaction follows a pending debt-for-equity swap announced on 30 June 2026, under which 94.00 million new shares may be issued to Vpoint Limited at HK$1.00 each, subject to separate completion conditions.

Risk disclosure Completion remains contingent upon Stock Exchange approval, maintenance of the Company’s listing status, satisfaction of regulatory requirements, and settlement of subscription funds. Investors are cautioned that the transaction may not proceed if these conditions are not fulfilled by 31 August 2026.

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