Lopal Tech (02465.HK) Completes H-Share Placing, Raising Net Proceeds of ~HK$194M

Jiangsu Lopal Tech. Group Co., Ltd. (2465.HK) announced on June 22, 2026, that it has completed the placing of new H shares under the general mandate. All conditions precedent to the placing have been fulfilled, including the approval of the Listing Committee of the Stock Exchange for the listing of and dealing in the placing shares, and the placing was completed on June 22, 2026.

The joint placing agent successfully placed an aggregate of 15,000,000 placing shares to not fewer than six placees at the placing price of HK$13.09 per placing share, representing approximately 11.11% of the total number of H shares as enlarged by the allotment and issue of the placing shares, and approximately 1.90% of the total number of issued shares as enlarged by the allotment and issue of the placing shares. To the best of the directors' knowledge, information and belief after having made all reasonable enquiries, the placees and their respective ultimate beneficial owners are independent third parties, and no placee has become a substantial shareholder of the Company immediately following completion of the placing. The net proceeds from the placing, after deducting all fees, costs and expenses incurred by the Company in connection with the placing, including commissions, amounted to approximately HK$193.67 million.

Upon the issue of the placing shares, the total number of issued shares of the Company increased from 776,111,906 shares to 791,111,906 shares. Following completion of the placing, the total number of issued H shares increased from 120,000,000 H shares to 135,000,000 H shares, while the total number of issued A shares remained unchanged at 656,111,906 A shares.

The shareholding of Mr. Shi Junfeng, the controlling shareholder of the Company, and his concert parties, Ms. Zhu Xianglan and Nanjing Beili Venture Investment Center (Limited Partnership), was passively diluted from 30.6891% to 30.1073% in aggregate, while the number of shares held by them remained unchanged.

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