SINOHYTEC (02402) plans to offer a discount of about 14.99% to sell up to 8.88 million shares, raising approximately 1.98 billion Hong Kong dollars.

SINOHYTEC (02402) announces that on December 16, 2025 (before the trading session), the company entered into a placement agreement with the placing agent. Based on this, the placing agent has conditionally agreed to, subject to the terms of the placement agreement and within its conditions, use its best efforts to encourage at least six underwriters to subscribe for up to 8.88 million new H shares at the placement price of HK$22.68 per share, representing a discount of approximately 14.99% to the closing price of HK$26.68 per share on the Hong Kong Stock Exchange on December 15, 2025 (the last trading day and price determination date). The placement shares represent approximately 3.83% of the company's issued share capital as of the announcement date, and approximately 3.69% of the issued share capital after the issuance and placement of the shares (assuming no change in the issued share capital from the announcement date to the completion of the placement, excluding the issuance and placement of the shares). Assuming all placement shares are successfully placed, the company expects to receive total proceeds of approximately HK$201 million, and a net amount of approximately HK$198 million after deducting related expenses. The net issue price per placement share is estimated to be approximately HK$22.27.