GCL New Energy Holdings Limited (00451.HK) filed its monthly return for the period ended 31 May 2026, confirming a sizeable equity issuance that expanded its share base and maintained regulatory public-float compliance.

Key share capital movements • Authorised share capital remained unchanged at 3.00 billion ordinary shares (HK$250.00 million at par).

• Issued shares rose by 91.74 million, or 5.46 %, to 1.77 billion. The increase stemmed from the first-tranche completion of a subscription agreement with Pharos Network Technology Limited on 8 May 2026, under which new shares were placed at HK$1.05 each. The agreement, approved on 22 May 2025, allows for up to 183.48 million shares to be issued in multiple tranches.

• No treasury shares were held or cancelled during the month, and the company reconfirmed that the public-float level exceeds the 25 % threshold required by the Hong Kong Stock Exchange.

Outstanding equity instruments • Share options: 14.80 million options remained outstanding—12.92 million with an adjusted exercise price of HK$7.68 (granted 26 Feb 2021) and 1.88 million at HK$7.14 (granted 3 Nov 2021). The 2024 Share Option Scheme, adopted 23 May 2024, carries an additional 140.09 million options available for grant; no options were exercised in May.

• Convertible bonds: HK$63.72 million in principal amount, convertible into 141.60 million ordinary shares at HK$0.45, remained outstanding. No conversions occurred during the month.

Capital structure snapshot as at 31 May 2026 • Authorised shares: 3.00 billion • Issued shares: 1.77 billion • Treasury shares: Nil

The fresh issuance provides GCL New Energy with additional equity funding, while outstanding options and convertible bonds leave room for further dilution if exercised or converted. All transactions were duly authorised and complied with Hong Kong listing rules, according to the company secretary’s filing.