Champion Technology Group (00092) plans to sell 84.024 million shares at a discount of about 15.71% to raise about HK$14.7 million

According to Zhitong Finance App News, Champion Technology Group (00092) issued an announcement. On August 20, 2026 (after the trading period), the company signed a placement agreement with the placement agent. According to this, the placement agent has agreed to do its best to place 84.024 million shares to no less than six undertakers at the placement price of HK$0.177 per share in accordance with the terms and conditions set forth in the placement agreement. The placement price was discounted by approximately 15.71% from the closing price of HK$0.210 per share as reported on the Stock Exchange on August 20, 2026 (the date of the placement agreement).

Assuming that up to 84.024 million shares of the placement are placed in accordance with the placement matters, the net proceeds (after deducting placement commissions and other fees and expenses) will be approximately HK$14.7 million. The Company intends to use the net proceeds of approximately HK$10 million as the Group's general working capital and approximately HK$4.7 million as the special working capital for the Group's existing green energy business.