DENOX ENV (01452) intends to issue approximately 178 million shares at a discount of about 16.59%, raising approximately HK$23.33 million.

DENOX ENV (01452)announces that on July 10, 2026, the company intends to issue and distribute 178 million subscribed shares to the subscriber (Ms. Zhao Shu, Executive Director and Controlling Shareholder), equivalent to 30.00% of the company's existing issued share capital as of the date of this announcement; and approximately 23.08% of the company's issued share capital after the subsequent issuance and distribution of the subscribed shares. The subscription price for each subscribed share is HK$0.1368, representing a discount of approximately 16.59% compared to the closing price of HK$0.164 per share on July 10. The total amount raised from the share subscription will be approximately HK$24.33 million, with a net amount of approximately HK$23.33 million. The net proceeds from the share subscription will be used for the following purposes: (i) approximately 20% of the net proceeds will be used to enhance and upgrade the production equipment required for manufacturing corrugated flat plate catalysts; (ii) approximately 60% of the net proceeds will be used to purchase raw materials required for CO catalysts, including but not limited to core precious metals; and (iii) approximately 20% of the net proceeds will be used for general working capital.