GUOFUHEE (02582) plans to issue a total of up to 2.4054 million shares for private placement, raising a net amount of 113 million Hong Kong dollars.

GUOFUHEE (02582) announces that, on October 16, 2025, the company entered into a placing agreement with the placing agent. The company agreed to appoint the placing agent, who in turn conditionally agreed to use their best efforts to facilitate the subscription by underwriters for up to a maximum of 2.4054 million shares of placing shares at a placing price of HK$48.47 per share. The placing shares represent approximately 2.79% and 2.16% of the enlarged number of H shares and total issued shares of the company respectively. Assuming full subscription for the placing shares, the estimated gross proceeds from the placing are expected to be approximately HK$1.166 billion. The estimated net proceeds from the placing are expected to be approximately HK$1.133 billion, therefore after deducting expenses, costs, and fees, the estimated net placing price is approximately HK$47.12 per placing share. The company intends to use approximately 50% of the net proceeds from the placing for financing, investment, and cooperation in hydrogen projects in China and overseas; around 40% will be used for working capital and general corporate purposes to support the operation and growth of the group, including but not limited to: payment of salaries, social insurance contributions, housing provident fund, and other employee-related expenses; payment to suppliers and service providers; and other operating expenses; and approximately 10% will be used to repay outstanding liabilities under existing credit facilities.