CHINA HK POWER (00931) completes issuance of 100 million subscription shares, raising approximately HK$28.8 million net.

CHINA HK POWER (00931) announces that on September 21, 2026, the completion was effected in accordance with the terms and conditions of the subscription agreement, and the Company has allotted and issued 100 million subscription shares to the subscriber, representing approximately 1.21% of the total number of issued shares as enlarged by the allotment and issue of the subscription shares immediately upon completion. The gross proceeds and net proceeds (after deducting relevant expenses) from the issue of the subscription shares were HK$29 million and approximately HK$28.8 million, respectively. As disclosed in the announcement, all net proceeds from the subscription are intended to be used as general working capital of the Group, including rental expenses, staff costs, professional fees and other general administrative and operating expenses.