RUIFENG RENEW (00527) plans to offer a discount of approximately 15.4% for the placement of up to 343 million shares, raising approximately HK$1.857 billion net.

RUIFENG RENEW (00527) announced that on June 23, 2026, the company intends to issue up to 343 million shares (but not less than 80 million shares) of new shares for sale, with the maximum number representing approximately 20.00% of the total issued shares as of the date of this announcement; and after the issuance, the total issued shares will be approximately 16.67% of the total issued shares. The issue price for each share is HK$0.55, which represents a discount of approximately 15.4% from the closing price of HK$0.65 per share on June 23. Assuming that all 343 million shares are sold, the total amount raised from the issuance will be approximately HK$188.6 million, with an estimated net amount of approximately HK$185.7 million. The company plans to allocate the net proceeds as follows: approximately 80.0% of the net proceeds will be reserved for the future development of the group, including the development and construction of the first phase of the Xuanhua Artificial Intelligence Computing Power Center, which will serve as the core carrier for the group's computing power expansion. Approximately 20.0% of the net proceeds will be used to supplement the group's general operating funds, including but not limited to covering the group's daily expenses such as employee costs, rental expenses, and general administrative expenses.