Allied Sustainability and Environmental Consultants Group Limited (AEC Group) has signed a placing agreement with SBI China Capital Financial Services to issue up to 146.64 million new shares at HK$0.10 per share, raising gross proceeds of HK$14.66 million.

Key terms • Issue size: 146.64 million shares, equal to 19.88% of the current 737.51 million issued shares and 16.59% of the enlarged 884.15 million share base. • Placing price: HK$0.10, representing a 2.00% discount to the 21 April 2026 closing price (HK$0.102) and a 1.60% premium to the five-day average (HK$0.0984). • Commission: 3.0% of aggregate placing proceeds payable to the placing agent. • Mandate: Shares will be issued under the general mandate approved at the 8 August 2025 AGM; no further shareholder approval is required. • Ranking: New shares will rank pari passu with existing shares.

Proceeds allocation (net HK$14.16 million) 1. HK$10.00 million – working capital for developing hydrogen power, renewable energy and sustainable supply-chain services. 2. HK$3.00 million – repayment of an existing bank loan. 3. HK$1.10 million – administrative and corporate expenses.

Post-placement ownership (assuming full take-up) • Kwok May Han Grace & Wu Dennis Pak Kit (through Gold Investments and direct holdings): 43.47% (unchanged absolute share count). • Public shareholders (excluding placees): 39.45%. • New placees: 16.59%. • Treasury shares: 0.49%.

Conditions and timetable Completion is conditional on Stock Exchange approval for listing and dealing of the new shares and on relevant consents being obtained by 12 May 2026. Completion will occur on the second business day after conditions are fulfilled. The placing agent may terminate the agreement under customary adverse-change and force-majeure clauses.

AEC Group states that the placement will broaden its shareholder base and provide capital for strategic expansion into hydrogen and renewable energy markets while strengthening its balance sheet through debt reduction.