BRETON (01333) completes placement of 18.3162 million shares, raising net proceeds of approximately HK$199 million

BRETON (01333) announces that all conditions under the placing agreement have been fulfilled and the placing was completed on October 21, 2026. A total of 18,316,200 new H Shares (representing approximately 4.65% of the issued H Shares and approximately 4.30% of the total number of issued shares (excluding treasury shares), respectively, as enlarged by the allotment and issue of the placing shares immediately upon completion of the placing) were successfully placed to not fewer than six placees at the placing price of HK$12.06 per H Share in accordance with the terms and subject to the conditions set out in the placing agreement. The gross proceeds and net proceeds (after deducting commissions and estimated expenses) from this placing were approximately HK$221 million and approximately HK$199 million, respectively. The Company intends to apply: (i) approximately 60% of the net proceeds from the placing for investment in and development of overseas photovoltaic and energy storage projects, which are expected to be fully utilized by the end of 2027; (ii) approximately 20% of the net proceeds from the placing for repayment of the Group's interest-bearing borrowings, which are expected to be fully utilized by the end of 2026; and (iii) approximately 20% of the net proceeds from the placing as working capital and for general corporate purposes, which are expected to be fully utilized by the end of 2027.