ZHIDA TECH (02650) proposes to place up to 23,670,550 shares, raising a net proceeds of approximately HK$203 million.

ZHIDA TECH (02650) announced that on September 23, 2026, the Company proposes to place up to 23,670,550 placing shares, representing approximately 7.44% of the total number of issued H Shares as at the date of this announcement; and approximately 6.93% of the total number of issued H Shares as enlarged by the completion of the Placing. The placing price is HK$8.77 per placing share. Assuming the placing shares are fully placed, the gross proceeds and net proceeds from the Placing are expected to be approximately HK$207.6 million and approximately HK$203 million, respectively. The net proceeds from the Placing are intended to be applied in the following manner: (a) 20% for the construction of new production facilities and purchase of equipment to provide energy management services to the Group; (b) 30% for the acquisition of businesses related to the Group's deployment of public charging infrastructure; (c) 30% for investment in businesses engaged in the upstream and downstream of robot product manufacturing; and (d) 20% as general working capital of the Group.