GREEN ENERGY GP (HKEX: 00979) has entered into a placement agreement, the company announced.

The agreement, dated July 15, 2026, is with a placing agent. Under its terms, the company conditionally agrees to place up to 136 million new shares through the agent on a best-efforts basis.

The placement price is set at HK$0.40 per share.

Assuming no change in the company's issued share capital from the date of the announcement until completion, the placement shares represent approximately 10.00% of the existing issued share capital and about 9.09% of the enlarged issued share capital post-placement.

The maximum aggregate nominal value of the shares to be placed is HK$1.3563 million.

The placement price of HK$0.40 represents a premium of approximately 31.15% over the closing price of HK$0.305 per share on the Hong Kong Stock Exchange on July 15, 2026.

If all placement shares are successfully subscribed, the gross proceeds from the placement are expected to be around HK$54.3 million.

After deducting commissions and other related expenses, the net proceeds are estimated to be approximately HK$53.1 million.

The company intends to use the net proceeds for the group's general working capital purposes. This includes, but is not limited to, covering expenses such as rent, salaries, and other administrative costs.