Yuanheng Gas (00332) plans to place up to 65.45 million new shares at a premium of approximately 4.67%, raising around HK$10.07 million in net proceeds.

Yuanheng Gas (00332) announced that on August 31, 2026 (after trading hours), the company entered into a placement agreement with the placing agent. According to the placement agreement, the placing agent agrees to use its best efforts to place a maximum of 65.45 million new shares at a price of HKD 0.157 per share to no fewer than six independent placees on behalf of the company. The maximum number of placement shares is 65.45 million, accounting for approximately 20% of the company's total issued share capital of 327 million shares as of the date of this announcement, and approximately 16.67% of the enlarged total issued share capital following the placement. The placement price of HKD 0.157 per share represents a premium of about 4.67% over the closing price of HKD 0.15 per share on the Stock Exchange on August 31, 2026 (the date of the placement agreement). The company will bear all costs and expenses related to the placement, estimated to be around HKD 200,000. The net proceeds from the placement, approximately HKD 10.07 million, will be used for the general working capital of the group, including about HKD 2 million for employee and director remuneration, HKD 6 million for professional fees, and HKD 2 million for general corporate expenses, with these amounts expected to be fully utilized within the next 12 months.