GCL New Energy Holdings Limited reported that it has closed a share placement raising gross proceeds of HK$133.00 million and net proceeds of HK$131.00 million after related expenses. The transaction, completed on 28 April 2026, involved the issuance of 127.00 million new shares at HK$1.05 each, equivalent to 7.55% of the company’s enlarged share capital.

The shares were allotted to no fewer than six independent investors, all confirmed as non-connected third parties. None of the placees or their associates became a substantial shareholder as a result of the transaction.

Use of proceeds • Business development: HK$75.00 million  – HK$60.00 million for expanding and digitally upgrading the solar operations and management platform, including development of a big-data analytics system.  – HK$15.00 million to support growth in energy and related products trading activities.

• Debt reduction: HK$15.00 million earmarked for repayment of existing bank and other loans maturing by 30 September 2026.

• General working capital: HK$41.00 million to cover administrative and compliance costs through year-end 2026.

Post-placement shareholding Total issued shares increased from 1.55 billion to 1.68 billion. Golden Concord Group Limited’s ownership diluted from 26.45% to 24.46%, while the new placees collectively hold 7.55%. Other shareholders now account for 67.98% of the register.

Chairman Zhu Gongshan signed the announcement on 28 April 2026. The board currently comprises three executive directors, three non-executive directors and three independent non-executive directors.