CHAMPION TECH (00092) plans to offer approximately 84.024 million shares at a discount of about 15.71%, with net proceeds of approximately HKD 14.7 million.

CHAMPION TECH (00092) announced that on August 20, 2026 (after trading hours), the company entered into a placement agreement with the placing agent, pursuant to which the placing agent has agreed to use its best efforts to place 84.024 million placement shares at a placing price of HK$0.177 per share to no less than six placees, subject to the terms and conditions contained in the placement agreement. The placing price represents a discount of approximately 15.71% to the closing price of HK$0.210 per share on the Stock Exchange on August 20, 2026 (the date of the placement agreement). Assuming a maximum placement of 84.024 million placement shares under the placement, the net proceeds (after deducting the placing commission and other costs and expenses) that the company will receive are expected to be approximately HK$14.7 million. The company intends to use approximately HK$10 million of the net proceeds for general working capital of the group and about HK$4.7 million for specific working capital of the groups existing green energy business.