SINOHYTEC (02402) announced that on December 16, 2025 (before trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the placing agent conditionally agreed to use its best efforts to procure no fewer than six placees to subscribe for up to 8.88 million new H shares at the placement price.

The placement price of HK$22.68 per H share represents a discount of approximately 14.99% to the closing price of HK$26.68 per H share on the Hong Kong Stock Exchange on December 15, 2025 (the last trading day and the pricing date for the placement).

The placement shares account for about 3.83% of the company's total issued share capital as of the announcement date and approximately 3.69% of the enlarged issued share capital after the placement (assuming no changes to the issued share capital other than the placement shares from the announcement date to the completion date).

Assuming full subscription of the placement shares and after deducting relevant fees and expenses, the company expects to raise gross proceeds of approximately HK$201 million and net proceeds of about HK$198 million. The net issue price per placement share is estimated at HK$22.27.