EV DYNAMICS (00476) has completed the issuance of 31 million subscription shares, raising approximately HKD 15.48 million.

Kexuan Power Holdings (00476) has announced that all the conditions precedent set forth in the subscription agreement have been fully satisfied, and the subscription has been completed on August 7, 2026, in accordance with the terms and conditions of the subscription agreement. A total of 31 million subscription shares (equivalent to approximately 8.72% of the issued share capital of the Company immediately following the completion of the subscription) have been subscribed at a subscription price of HKD 0.50 per share. The net proceeds from the subscription, amounting to approximately HKD 15.48 million, will be used in the manner disclosed in this announcement.