CHAMPION TECH (00092) has announced that on 20 August 2026, after trading hours, the company entered into a placing agreement with a placing agent. Under the terms and conditions of the agreement, the agent has agreed to use its best efforts to place 84.024 million placing shares at a placing price of HK$0.177 per share to no fewer than six placees.

The placing price represents a discount of approximately 15.71% to the closing price of HK$0.210 per share as quoted on the Stock Exchange on 20 August 2026, the date of the placing agreement. Assuming the placement of a maximum of 84.024 million placing shares, the net proceeds to be received by the company, after deducting placing commission and other fees and expenses, will amount to approximately HK$14.7 million.

The company intends to use approximately HK$10 million of the net proceeds as general working capital for the group, and approximately HK$4.7 million as dedicated working capital for the group's existing green energy business.