Zhidah Technology plans to offer a discount of approximately 11.88% for the sale of up to 19.12565 million shares, raising approximately 206 million Hong Kong dollars.

date
23/06/2026
Zhihui Technology announced that on June 23, 2026, the company entered into a placement agreement with placement agents. The placement agents each conditionally agreed to use their best efforts to ensure that no fewer than 6 placees subscribe for a maximum of 19.1256 million shares of H shares at a placement price of HK$10.98 per share, in accordance with the terms of the placement agreement and within the limits of their conditions. Assuming full subscription of the placement shares, the number of placement shares would represent approximately 6.01% of the enlarged issued H share capital after completion of the placement. The placement price of HK$10.98 per share represents a discount of approximately 11.88% to the closing market price of H shares on the last trading day at the Stock Exchange. Assuming full subscription of the placement shares, the total amount and net amount of funds raised from the placement are expected to be approximately HK$210 million and HK$206 million respectively. The net proceeds from the placement are intended to be used as follows: 30% for the research and development of new products for the energy storage system; 30% for the expansion of application scenarios, channels, engineering, and production capabilities for robot products; 20% for the development of overseas markets for group products; and 20% for general working capital of the group.