Shandong Molong Expands H-Share Base by 11.93% Through HKD 117.65 Million Placement

Bulletin Express
10/02

Shandong Molong Petroleum Machinery Co., Ltd. reported a sizeable expansion of its H-share capital for September 2026, driven by a private placement executed on 28 September 2026.

Key developments

1. Authorised and issued H-share increase • Authorised H-shares rose by 33.62 million to 315.42 million, each with a nominal value of RMB 1.00. • The same 33.62 million H-shares were issued via a placing/subscription at HKD 3.50 per share, lifting total issued H-shares by 11.93% from 281.80 million to 315.42 million.

2. Gross proceeds • The placement generated HKD 117.65 million (33.62 million shares × HKD 3.50), pending any transaction costs.

3. Capital structure post-transaction (30 September 2026) • Total issued share capital: 857.14 million shares, comprising: – H-shares: 315.42 million – A-shares: 541.72 million (unchanged during the month). • No treasury shares are held.

4. Public float compliance • The company confirmed that its H-share public float continues to meet the Hong Kong Stock Exchange’s minimum 5% requirement for PRC issuers.

5. Absence of other dilutive instruments • The company reported no movements in share options, warrants, convertible securities or other equity-linked instruments during the month.

The issuance was approved by shareholders on 30 June 2026, and all regulatory requirements have been met, according to the company’s filing on 2 October 2026.

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