GUOFUHEE (02582) plans to sell a maximum of 4.8584 million shares at a discount of approximately 10%, raising about HK$197 million.

GUOFUHEE (02582) announced on November 25, 2025 (after trading hours) that the company has entered into a placing agreement with the placing agent. According to this agreement, the company has agreed to appoint the placing agent, who has conditionally agreed to use their best efforts to place up to a maximum of 4.8584 million shares at a placing price of HK$41.166 per share, for subscribers to subscribe. The number of placing shares represent approximately 5.12% and 4.05% of the enlarged total number of H shares and total number of issued shares respectively, based on the number of placing shares issued according to the placing arrangement. The placing price of HK$41.166 per share represents a discount of approximately 10.00% to the closing price of HK$45.740 per share on the Stock Exchange on November 25, 2025. Assuming full subscription of the placing shares, the estimated total proceeds from the placing are expected to be approximately HK$200 million. The estimated net proceeds from the placing (after deducting all expenses, costs and fees incurred by the company in relation to the placing) are expected to be approximately HK$197 million. After deducting these expenses, costs and fees, the estimated net placing price is approximately HK$40.54 per share. The company intends to use approximately 60% of the net proceeds for financing investments and collaborations in hydrogen projects in China and overseas, and approximately 40% for working capital and general corporate purposes to support the business operations and growth of the group.