Yuanheng Gas (00332) plans to place a maximum of 65.45 million new shares at a premium of about HK$1.07 million in net placement

Zhitong Finance App News, Yuanheng Gas (00332) issued an announcement. On August 31, 2026 (after the trading period), the company signed a placement agreement with the placement agent. According to the placement agreement, the placement agent agreed to do its best to place a maximum of 65.45 million new shares at a price of HK$0.157 per share to no less than six independent undertakers for and on behalf of the Company.

The maximum number of shares placed was 65.45 million shares, accounting for about 20% of the total issued share capital of the Company of 327 million shares as of the date of this announcement, and approximately 16.67% of the total issued share capital of the Company as of the expansion of placement matters. The placement price of HK$0.157 per share is approximately 4.67% premium compared to the closing price of HK$0.15 per share on the Stock Exchange on August 31, 2026 (the date of the placement agreement).

The Company will bear all costs and expenses relating to placement matters, amounting to approximately HK$200,000. The net proceeds from the placement of approximately HK$1.07 million will be used as the Group's general working capital, of which approximately HK$2 million will be used for employee and directors' remuneration, HK$6 million for professional expenses, and HK$2 million for general corporate expenses. It is expected that all of these funds will be used within the next 12 months.