Champion Tech (00092) completed the placement of a total of 113 million shares, raising approximately HK$19.5 million.

CHAMPION TECH (00092) has announced that, in accordance with the terms and conditions stated in the placement agreement, the conditions stipulated in the placement agreement were reached on January 28, 2026, and the placement was completed on February 3, 2026. According to the placement agreement, the placement agent has successfully placed approximately 113 million shares to no fewer than six subscribers at a price of HK$0.177 per share. The net proceeds from the placement (after deducting placement commissions, professional fees, and all related expenses) are approximately HK$19.5 million. As the actual net proceeds from the placement (approximately HK$19.5 million) are lower than the estimated net proceeds disclosed in the announcement (approximately HK$34 million, assuming the placement of the maximum limit of 197 million shares), the company plans to use all net proceeds for operating capital for the existing renewable energy business and existing green energy business within the group, as well as for other investments as opportunities arise.