DENOX ENV has announced a proposed private placement. On July 10, 2026, the company intends to allot and issue 178 million subscription shares to a subscriber, Ms. Zhao Shu, an executive director and controlling shareholder. This issuance represents 30.00% of the company's current issued share capital as of the announcement date and approximately 23.08% of the enlarged issued share capital following the completion of the placement.

The subscription price is set at HK$0.1368 per share, representing a discount of approximately 16.59% compared to the closing price of HK$0.164 per share on July 10. The gross proceeds from the share subscription are expected to be approximately HK$24.33 million, with net proceeds estimated at around HK$23.33 million.

The company plans to allocate the net proceeds as follows: approximately 20% will be used to enhance and upgrade production equipment required for manufacturing corrugated plate catalysts; about 60% is earmarked for procuring raw materials, including but not limited to core precious metals, needed for carbon monoxide removal catalysts; and the remaining 20% will be utilized as general working capital.