YUANHENG GAS (00332) has announced that on August 31, 2026, after trading hours, the company entered into a placement agreement with a placing agent. Under the terms, the agent has agreed to use its best efforts to place up to 65.45 million new shares with no fewer than six independent placees at a price of HK$0.157 per placing share.

The maximum number of placing shares, representing approximately 20% of the company's total issued share capital of 327 million shares as of the announcement date, will expand the company's enlarged issued share capital by about 16.67%. The placing price of HK$0.157 per share represents a premium of approximately 4.67% over the closing price of HK$0.15 per share on the Stock Exchange on August 31, 2026, the date of the placement agreement.

The company will bear all costs and expenses related to the placement, totaling approximately HK$200,000. The net proceeds from the placement are estimated at around HK$10.07 million, which will be used as general working capital for the group. Specifically, about HK$2 million is allocated for employee and director remuneration, HK$6 million for professional fees, and HK$2 million for general corporate expenses. These funds are expected to be fully utilized within the next 12 months.