ENVISION GREEN (01783) plans to raise approximately HKD 1.1 billion through a strategic subscription by MiniMax to enhance the layout of AI computing power infrastructure.

ENVISION GREEN (01783) announced that it has entered into a placing and subscription agreement for a back-to-back offering after the trading session on August 10, 2026, through its wholly-owned subsidiary, which will issue guaranteed convertible bonds amounting to RMB 472 million, settled in U.S. dollars, with an annual interest rate of 5.00%, maturing in 2027. The total proceeds from both transactions are expected to be approximately HKD 1.098 billion, with a net amount of about HKD 1.078 billion, which will be used to support the companys previously announced acquisition of a Chinese cloud computing and data center service provider, and to supplement operational and development funds. According to the announcement, the scale of the back-to-back placing is approximately 118 million shares, with a placement price of HKD 4.66 per share; concurrently, a total principal amount of RMB 472 million in convertible bonds will be issued, with an initial conversion price of HKD 5.22 per share, a coupon rate of 5%, and maturing in 2027. Both financing activities are completed under the company's general authorization and do not require approval from a shareholders' meeting. It is noteworthy that the announcement disclosed that a subsidiary of MiniMax Group Inc. is one of the potential underwriters and subscribers, intending to participate in both the placement and the convertible bond subscription. The company believes that MiniMax, as a global leader in AI foundational models, reflects a strategic synergy between the demand for computing power and service capabilities, and is expected to promote future cooperation in computing resources and intelligent computing infrastructure. This financing is an important step for ENVISION GREEN in advancing its strategic transformation towards AI computing power infrastructure. The company had previously announced the acquisition of relevant cloud computing assets from Yovole Data Group and the procurement of high-performance servers to accelerate the creation of a complete business loop from infrastructure assets and computing power hardware deployment to customer and ecosystem collaboration. This placement and convertible bond financing further supplement the capital arsenal, helping to strengthen the company's liquidity and financial position, expand the shareholder base, and optimize the capital structure. ENVISION GREEN stated that it will continue to focus on the dual main lines of green energy recovery and AI computing power infrastructure in the future, promoting strategic acquisitions, hardware deployments, and capital support to form a synergistic effect, further enhancing the company's market recognition and long-term development potential in the Hong Kong stock markets AI computing power infrastructure sector.