Hainan Drinda New Energy Technology (02865) completed the issuance of a total of 18.682 million shares of placement shares.

Hainan Drinda New Energy Technology (02865) announced that all the conditions for the company's placement have been met (including approval from the Stock Exchange Listing Committee for the listing and trading of the placed shares), and the placement was completed on February 2, 2026. According to the terms and conditions of the placement agreement, the placement agent successfully placed a total of 18.682 million shares at a placement price of HK$22.00 per share to no less than six underwriters, representing approximately 22.75% of the total H shares after the issuance, and approximately 6.00% of the total issued shares after the issuance. The directors, after conducting all reasonable inquiries, are aware and believe that the underwriters and their ultimate beneficial owners are independent third parties, and that no underwriter will become a major shareholder of the company after the placement. The net proceeds from the placement after deducting commissions and estimated expenses are approximately HK$398 million.