OCI INTL (00329) proposes to place up to 300 million shares at a discount of approximately 10.57%, aiming to raise net proceeds of approximately HK$32.63 million.

OCI INTL (00329) announces that on 5 October 2026 (after trading hours), the Company entered into a placing agreement with the placing agent, pursuant to which the Company appointed the placing agent as the sole placing agent of the Company to procure, on a best-efforts basis and subject to the fulfilment of the conditions precedent to the placing, the placement of up to 300 million placing shares at a price of HK$0.11 per placing share to not fewer than 6 placees (as expected). Assuming the maximum number of placing shares is placed, the gross proceeds from the placing will be approximately HK$32.99 million, and the net proceeds will be approximately HK$32.63 million. The placing price of HK$0.11 per placing share was determined after fair negotiation between the Company and the placing agent, and represents a discount of approximately 10.57% to the closing price of HK$0.123 per share as quoted on the Stock Exchange on 5 October 2026 (being the date of the placing agreement).