Ev Dynamics (Holdings) Limited (476) announced the completion of a placing of new shares under its General Mandate on 1 December 2025. A total of 20,000,000 shares were placed at HK$0.78 per share, resulting in net proceeds of approximately HK$15.4 million.

According to the announcement, around HK$12.0 million of the proceeds is allocated to the development and expansion of the new energy business, specifically e-Mobility Solutions, while the remaining HK$3.4 million is intended for general working capital. Upon the issuance of the placement shares, the company’s issued share capital increased to 316,979,109 shares, with no placee becoming a substantial shareholder of the company.

The announcement also detailed changes to the shareholding structure. Notably, Total Honest Investment Limited retains 60,000,000 shares, representing 18.93% of the enlarged capital, while other major existing holders’ percentage interests were adjusted proportionally. The newly placed shares account for 6.31% of the issued share capital following completion of the transaction.