On January 19, 2026 (after trading hours), the Company entered into a placing agreement with the placing agent. According to the agreement, (i) the Company agreed to issue and allot up to a total of 79.70 million new shares under the general mandate; and (ii) the placing agent agreed (as the Company's agent) to use its best efforts to procure placees to subscribe for the placing shares at a placing price of HK$9.79 per share.

Assuming all placing shares are fully allotted and issued, and that the Company's issued share capital (excluding treasury shares) remains unchanged from the date of this announcement to the closing date of the placing, the 79.70 million placing shares represent approximately 3.92% of the Company's issued share capital (excluding treasury shares) as of the announcement date, and approximately 3.77% of the Company's issued share capital (excluding treasury shares) as enlarged by the allotment and issue of the placing shares.

The placing price is HK$9.79 per placing share, representing a discount of approximately 7.73% to (i) the closing price of HK$10.61 per share as quoted on the Stock Exchange on January 19, 2026.

Assuming all placing shares are fully placed, the gross proceeds and net proceeds to be received by the Company from the placing (after deducting all related expenses, including commissions and professional fees for the placing) are estimated to be approximately HK$780 million and HK$774 million, respectively.

Consequently, after deducting these fees and expenses, the net placing price per placing share is estimated to be approximately HK$9.71.

The Company intends to use the net proceeds in the following proportions: (i) approximately 50% for capital expenditure in its clean energy business; and (ii) approximately 50% for general business operations.