Zhixin Group Holding Limited announced the completion of its new-share subscription under the existing general mandate on 20 March 2026.

A total of 149.60 million shares were issued to designated subscribers at HK$0.68 per share, representing 20.00% of the company’s issued share capital before the transaction and 16.67% of the enlarged share capital immediately afterward. Net proceeds amount to approximately HK$101.40 million and are earmarked for constructing an iron-ore tailings production line and general working capital.

Post-subscription, the company’s issued share capital has increased from 748.00 million to 897.60 million shares. Key shareholding changes are as follows:

• Zhixin Investment Holding Limited, wholly owned by Chairman Ye Zhijie, decreases from 36.73% to 30.60%.

• Yaohe Holding Limited, wholly owned by Huang Wengui, dilutes from 16.25% to 13.54%.

• Public shareholders now include the new subscribers holding 16.67%, while other public shareholders’ stake drops from 47.02% to 39.19%.

The board confirmed that all conditions precedent stipulated in the subscription agreements have been fulfilled, completing the transaction in line with previously disclosed terms.