Jiangsu Lopal Board Redirects USD 87.85 Million to Indonesia Phase 3 Plant

• Jiangsu Lopal Tech.’s board resolved on October 22, 2026, to redirect unused subscription proceeds toward its Indonesia Phase 3 plant.
• Approximately USD 87.85 million previously allocated to the Indonesia Phase 2 plant will fund Phase 3 capital and operating expenses.
• The reallocation follows an agreement to sell a 76% stake in the Phase 2 operator to Kinetiq for USD 31.92 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jiangsu Lopal Tech. Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261022-12380500), on October 22, 2026, and is solely responsible for the information contained therein.