SINOHYTEC (02402) completed the placement of a total of 8.88 million shares, raising a net amount of HK$198 million.

SINOHYTEC (02402) announced that all the conditions set out in the placement agreement have been met, and the completion was carried out on December 23, 2025 in accordance with the terms and conditions of the placement agreement. The placement agent has successfully placed a total of 8.88 million shares at a placement price of HK$22.68 per share to no fewer than six subscribers, equivalent to approximately 3.83% of the company's issued share capital before completion, and approximately 3.69% of the company's issued share capital immediately after completion on the date of this announcement. After deducting relevant expenses, the total proceeds and net proceeds of the placement are approximately HK$201 million and HK$198 million respectively, equivalent to a net issue price of approximately HK$22.27 per share. The company expects approximately HK$178 million to be used for repayment of bank loans, and approximately HK$19 million to be used for general working capital.