CHINA HK POWER (00931.HK): Subscription Completion Extended Again to 25 November

NewTimeSpace News: On 11 November 2026, China HK Power Smart Energy Group Limited (stock code: 931) announced a further extension of the completion date of its subscription of new shares under a general mandate, having previously published announcements on 14 August, 1 September, 14 September, 28 September and 28 October 2026.

Payment of the subscription price had been extended to 11 November 2026, with completion to follow shortly after receipt of cleared funds. As at the date of the announcement, the Company received a written notice dated 11 November 2026 from the subscriber stating that its bank required additional information for the remittance of the subscription price and that it needed more time to complete the bank procedures for transferring the funds to the Company's designated account.

Given that the market price of the shares had not changed materially, the Company and the subscriber agreed, after arm's length negotiation and under the terms of the subscription agreement, to extend the final settlement date for payment a fourth time to 25 November 2026 (or such later date as they may agree in writing), with completion postponed accordingly. The board confirmed that the share price showed no material fluctuation between 14 August and 11 November 2026, and that all other terms and conditions of the subscription agreement remain unchanged. Completion remains subject to settlement and the completion procedures, and the subscription may or may not proceed.