EV DYNAMICS (00476) announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on December 1, 2025, in accordance with the terms of the agreement. A total of 20 million placement shares, representing approximately 6.31% of the company's enlarged issued share capital post-completion, were allocated to no fewer than six placees at HK$0.78 per share.

The net proceeds from the placement, after deducting commissions payable to the placement agent and other related expenses, amounted to approximately HK$15.4 million. The company intends to use the net proceeds for general working capital purposes. Specifically, around HK$12 million will be allocated to developing and expanding the group's new energy business, particularly its electric commercial solutions segment, while HK$3.4 million will supplement the group's general working capital.