DRINDA (02865) Completes Placement of 18.682 Million Shares, Raises Net Proceeds of Approximately HK$398 Million

Stock News02-02

Hainan Drinda New Energy Technology Co.,Ltd. (02865) has announced that the share placement was successfully completed on February 2, 2026, in accordance with the terms and conditions stipulated in the placement agreement. All the preconditions for the placement as set out in the placement agreement have been satisfied. The company issued a total of 18.682 million new H shares through its placing agent at a price of HK$22.00 per share.

Under the terms of the placement agreement, a total of 18.682 million placement shares, representing approximately 22.75% of the enlarged H share capital following the allotment and issuance, and about 6.04% of the total issued share capital (excluding treasury shares) post-enlargement, were successfully placed by the placing agent with no fewer than six placees at the price of HK$22.00 per share. The net proceeds from the placement are estimated to be approximately HK$398 million.

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