CH ENV RES-NEW (01130) announced on November 4, 2025, that the company intends to place up to 64.1 million shares, representing approximately 11.59% of the enlarged issued share capital. The placement price is set at HK$0.468 per share, reflecting a 2.5% discount to the closing price of HK$0.480 on November 4.

Assuming full subscription, the gross proceeds from the placement are estimated at HK$30 million, with net proceeds expected to reach HK$29.4 million. The company plans to allocate the net proceeds as follows: (i) approximately 34.01% for loan repayment; (ii) about 34.01% to develop existing recycling and electric motorcycle parts businesses; (iii) roughly 17.01% to settle outstanding payables and other liabilities; and (iv) the remaining 14.97% for general working capital purposes, including salaries, administrative expenses, operational costs, and utility payments.