ZHIDA TECH-NEW (ASX: 02650) has announced a share placement agreement. According to the announcement, the company entered into a placement agreement with placing agents on June 23, 2026. The agents have conditionally agreed, on a best efforts basis, to procure no fewer than six placees to subscribe for up to 19,125,650 placement shares at a price of HK$10.98 per H-share, subject to the terms and conditions of the agreement.

Assuming the full subscription of the placement shares, they will represent approximately 6.01% of the enlarged total issued H-share capital following the completion of the placement. The placement price of HK$10.98 per share represents a discount of approximately 11.88% to the closing price of HK$12.46 per H-share on the last trading day on the Stock Exchange.

Should all placement shares be taken up, the gross proceeds from the placement are expected to be approximately HK$210 million, with net proceeds estimated at around HK$206 million.

The company intends to allocate the net proceeds from the placement as follows: 30% will be used for research and development of new products in the integrated photovoltaic, energy storage, and charging system; 30% will be allocated to expanding application scenario channels for robotic products and developing engineering and manufacturing capabilities; 20% will be directed towards exploring overseas markets for the group's products; and the remaining 20% will serve as general working capital for the group.