Dongfang Electric Corporation (01072) plans to offer a 7.98% discount on the sale of 68 million shares, with a net raise of approximately 1.075 billion Hong Kong dollars.

Dongfang Electric Corporation (01072) announced that on September 18, 2025 (before trading hours), the company entered into a placement agreement with an exclusive placement agent. According to the agreement, the exclusive placement agent has conditionally agreed to act as the company's exclusive placement agent to use its best efforts to solicit no less than six subscribers (who and their ultimate beneficial owners will be independent third parties) to purchase 68 million shares of placement shares at a price of HK$15.92 per share, representing a discount of approximately 7.98% to the closing price of H-shares of HK$17.30 per share on September 17, 2025 (the last trading day) on the Hong Kong Stock Exchange. Assuming that the number of shares issued from the date of this announcement to the completion date remains unchanged, the 68 million shares of placement shares under the placement will represent approximately 20.00% of the existing issued H-shares and approximately 2.01% of the existing issued shares on the announcement date. After the issuance and placement of the placement shares, it will represent approximately 16.67% of the issued H-shares and approximately 1.97% of the issued shares. Assuming all placement shares are fully placed and completed, it is estimated that the total amount of funds raised from the placement and the net proceeds (after deducting placement commissions and other related costs and expenses) will be approximately HK$1.083 billion and HK$1.075 billion respectively. Accordingly, the net offer price per share will be approximately HK$15.81.