China New Holdings plans placing of 20,682,112 shares at HK$ 0.39 each

• China New Holdings signed a placing agreement on July 22, 2026 to issue up to 20,682,112 new shares at HK$ 0.39 each.
• Deal targets at least six independent investors on a best-efforts basis; gross proceeds seen at HK$ 7.96 million.
• Net proceeds estimated at HK$ 7.41 million, earmarked for working capital, including financial services, engineering operations, corporate expenses.
• Placement equals 10.55% of current share capital; dilution to 9.54% of enlarged capital if fully placed.
• Completion hinges on Stock Exchange approval to list the new shares; long-stop date set for Aug. 12, 2026.

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. China New Holdings 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-20260723-12253217), on July 22, 2026, and is solely responsible for the information contained therein.