CIMC ENRIC (03899) plans to offer a discount of approximately 7.73% for the sale of up to a total of 79.7 million new shares, raising around HK$774 million.

CIMC ENRIC (03899) announced on January 19, 2026 (after trading hours) that the company has entered into a placement agreement with the placing agent, whereby (i) the company agrees to issue and place up to a total of 79.7 million new shares in accordance with the general mandate; and (ii) the placing agent agrees (as the company's agent) to use its best efforts to procure placees to subscribe for the placement shares at a price of HK$9.79 per share. Assuming that there are no changes in the issued shares (excluding treasury shares) of the company from the date of this announcement to the placement deadline, the 79.7 million placement shares represent approximately 3.92% of the company's issued share capital as of the announcement date (excluding treasury shares), and approximately 3.77% of the company's expanded issued share capital (excluding treasury shares) after the placement shares are issued. The placement price of HK$9.79 per share represents a discount of approximately 7.73% compared to the closing price of HK$10.61 per share reported on the Stock Exchange of Hong Kong on January 19, 2026. If all placement shares are fully placed, the company estimates that it will receive a total gross proceeds and net proceeds (after deducting all relevant expenses, including placement commissions and professional fees) of approximately HK$780 million and HK$774 million respectively. Therefore, after deducting these expenses and costs, the estimated net placement price per share is approximately HK$9.71. The company intends to utilize the net proceeds as follows: (i) approximately 50% for capital expenditures in the clean energy business; and (ii) approximately 50% for general operating purposes.