China Environmental Resources Group Limited (Stock Code: 1130) updated its placing agreement on 7 November 2025, increasing the maximum number of new shares to be placed from 64,100,000 to 74,100,000. Based on the existing issued share capital, the revised placing shares represent approximately 15.16% of the current share capital and about 13.16% of the enlarged share capital upon completion. The company anticipates maximum gross proceeds of around HK$34.68 million, with estimated net proceeds of about HK$34.01 million.

The allocation of the net proceeds is expected to include approximately 35.28% for loan repayment, 29.40% for recycling and motorcycle accessories business development, 14.70% for settling trade and other payables, and 20.62% for general working capital. Upon completion, the total issued share capital of the company could increase from 488,769,147 shares to 562,869,147 shares. The shareholdings of the major shareholders, including directors and other significant investors, will be proportionally adjusted following any successful placement. Shareholders and potential investors are advised to exercise caution in dealing with the company’s securities.