Kexuan Power Holdings (00476) plans to discount approximately 14.29% of the rights issue, with a maximum net fund raising of approximately HK$20 million.

Tencent Finance APP News, Kexuan Power Holdings (00476) announced that on November 10, 2025, the company entered into a placement agreement with the placement agent. The company plans to sell up to 26 million shares of placement shares to no less than six underwriters through the placement agent, at a price of HK$0.78 per share, representing a discount of approximately 14.29% from the closing price of HK$0.910 per share reported on the Stock Exchange on the date of the placement agreement. The maximum net proceeds of the placement are approximately HK$200 million, with approximately 75% to be used for the development and expansion of the group's new energy business, especially the electric commercial solutions business; and approximately 25% to be used for supplementing the group's general operating funds.