Tianjin Construction Development Group Co., Ltd. (TJCD, 02515) announced completion of its new-share placement under the general mandate on 9 March 2026. The company issued 43.16 million new H-shares at HK$0.68 each, all placed with at least six independent institutional investors.

The transaction generated gross proceeds of approximately HK$29.30 million and net proceeds of roughly HK$29.20 million after fees and expenses, implying a negligible placement discount. The newly issued shares represent about 16.67% of TJCD’s enlarged share base, increasing total issued shares (excluding treasury shares) from 215.79 million to 258.95 million.

Intended deployment of funds is as follows: • 34.3% (c. HK$10.01 million) for establishing a mechanical-leasing platform via a new subsidiary. • 31.5% (c. HK$9.20 million) for general working capital. • 34.2% (c. HK$9.99 million) reserved for potential future investments. Management expects full utilisation of the proceeds within three months.

Shareholding realignment shows controlling shareholder Shengyuan Group’s stake diluted from 51.36% to 42.80%. Aggregated interests of associated entities Shanshengyuan Enterprise Management and Tianjin Gongmeihao fell proportionally, while new placees now hold 16.67% of outstanding shares.

Concurrently, TJCD’s registered capital rose from RMB215.79 million to RMB230.06 million, and the amended Articles of Association became effective on 9 March 2026.

The placing was arranged by UZEN Securities Limited. Chairman Wang Wenbin signed the announcement on behalf of the board.