Magnesium Technology (00601) completed the issuance of a total of 96 million placement shares

Zhitong Finance App News, Magnesium Technology (00601) issued an announcement. All conditions contained in the placement agreement have been met, and the placement matters were completed on September 8, 2026 in accordance with the terms and conditions of the placement agreement. A total of 96 million placed shares have been successfully placed to no less than six undertakers at an placement price of HK$0.05 per share, which is equivalent to approximately 16.20% of the company's issued share capital immediately before completion and approximately 13.94% of the company's issued share capital expanded through allotment and issuance of placed shares.