China Baoli Tech completes HK$12.50 million share subscription, issuing 38.44 million new shares at HK$0.40 each

Bulletin Express04-15

China Baoli Technologies Holdings Limited (China Baoli Tech) has finalised its previously announced share placement under the general mandate, confirming completion on 15 April 2026 after all conditions precedent were satisfied.

The transaction involved the allotment and issuance of 38.44 million new shares to subscribers at HK$0.40 per share, generating gross proceeds of approximately HK$15.38 million. After deducting professional fees and related expenses, net proceeds stand at about HK$12.50 million. According to the company, the funds will be deployed for the purposes outlined in its announcements dated 30 March and 2 April 2026.

The board currently comprises four executive directors—Chairman Wang Bin, Vice-Chairman Zhang Yi, Chief Executive Officer Chu Wei Ning and Lam Sze Man—and three independent non-executive directors: Chan Fong Kong Francis, Chan Kee Huen Michael and Feng Man.

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