C CARBONNEUTRAL (01372) intends to offer a discount of approximately 15.79% to issue 96.59 million shares of subscription shares, raising approximately HK$77.27 million net.

C CARBONNEUTRAL (01372) announced that on May 13, 2026, the company (as the issuer) entered into three subscription agreements with three subscribers for a total of 96.59 million subscription shares (at a subscription price of HK$0.80 per share). The total of 96.59 million subscription shares represent approximately 10.97% of the existing issued share capital of the company as of the announcement date, and approximately 9.88% of the enlarged issued share capital of the company after the issuance of the subscription shares (assuming no change in the issued share capital of the company from the announcement date to the completion date, except for the issuance of the subscription shares). The total face value of the subscription shares will be HK$96.59 million. The subscription price of HK$0.80 per share represents a discount of approximately 15.79% to the closing price of HK$0.950 per share reported on the Stock Exchange of Hong Kong on the date of the subscription agreements. The total amount raised from the subscription will be HK$77.2736 million. After deducting all applicable costs and expenses, the net proceeds from the subscription will be approximately HK$77.2 million, with a net issue price of HK$0.80 per share. The Group intends to use the proceeds from the subscription for approximately HK$38.635 million (equivalent to approximately 50% of the net proceeds from the subscription) for the payment of the Group's day-to-day operating funds, including salaries and benefits (50%), and business expansion expenses (50%); and approximately HK$38.635 million (equivalent to approximately 50% of the net proceeds from the subscription) to repay debts.