China Treasures New Materials completes HK$45.80 million placing, expands share base by 16.67%

Bulletin Express04-22 21:03

China Treasures New Materials Group Ltd. announced the completion of its new-share placing on 22 April 2026. All conditions under the Placing Agreement and Supplemental Placing Agreement have been fulfilled.

An aggregate 200.00 million new shares were allotted, equivalent to 20.00 % of the pre-placement issued share capital (1.00 billion shares) and 16.67 % of the enlarged share capital (1.20 billion shares). The shares were distributed to not fewer than six independent investors; no placee became a substantial shareholder upon completion.

Net proceeds of approximately HK$45.80 million were raised, earmarked for the uses specified in the company’s 2 April 2026 supplemental announcement.

Shareholding impact: • Lvsetianye Technology, controlled by Chair Zhang Yuqiu, saw its stake diluted from 32.11 % to 26.76 %. • Lvsesenlin Technology, together with its wholly owned entities Daziran Technology and CPEP Holdings (all deemed interests of Executive Director Shan Yuzhu), fell from a combined 19.08 % to 15.91 %. • Public float (excluding the new placees) decreased from 48.81 % to 40.67 %, while the new placees collectively hold 16.67 % of the enlarged share capital.

The board comprises four executive directors and three independent non-executive directors. The announcement was issued from Changchun, Jilin, PRC, on 22 April 2026.

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