GUOFUHEE (02582) completed the placement of 4.909 million shares, raising approximately HK$148.5 million net.

Guo Fu Hydrogen Energy (02582) announced that all conditions set out in the placement agreement have been met, and the placement has been completed on March 18, 2026 in accordance with the terms of the placement agreement. The placement agent has placed a total of 4.909 million shares of placement shares to no fewer than six placing agents at a placement price of HK$31.07 per share. The total proceeds from the placement are approximately HK$152.5 million, while the net proceeds are approximately HK$148.5 million. The company plans to use approximately 70% of the net proceeds from the placement for working capital and general corporate purposes to support the business operations and growth of the group, and approximately 30% to repay outstanding amounts under existing credit financing arrangements.