Shanghai Zhida Technology Development Co., Ltd. (Zhida Tech) confirmed the completion of its H-share placement on 30 June 2026, issuing 19.13 million new H shares at HK$10.98 each under the existing general mandate. The transaction was executed through at least six placees, all of whom are independent of the company and its connected persons.

The placement generated gross proceeds of approximately HK$210.00 million and net proceeds of about HK$205.78 million, implying estimated expenses of roughly HK$4.22 million.

Post-placement, Zhida Tech’s issued H-share capital rose 6.44% from 298.94 million to 318.07 million shares. The new shares account for 6.01% of the enlarged H-share base.

Key changes in shareholding structure:

• Chairman Dr. Huang Zhiming and his controlled entities remain the largest shareholders; their stake diluted from 42.93% to 40.35%.

• Holdings of significant public shareholders—including Jingzhou Zhida Electric Vehicle, Shanghai China Power Investment Ronghe New Energy Investment Management Center, Anhui Zhongding Sealing Parts and Jintong Zhihui—were unchanged in absolute terms but saw proportional reductions due to the expanded share base.

• The newly introduced placees collectively hold 6.01% of the company and none individually became a substantial shareholder under Hong Kong Listing Rules.

Zhida Tech’s board states that the placement has been fully settled, and all shares have been duly allotted and issued. The company now has 318.07 million H shares in issue.