CHINAHONGQIAO (01378) Completes Placement of Existing Shares and Subscription of New Shares Under General Mandate

Stock News11-25

CHINAHONGQIAO (01378) announced that all conditions under the placement and subscription agreement have been fulfilled. The placement was completed on November 20, 2025, followed by the subscription on November 25, 2025.

The company successfully placed a total of 400 million shares at HK$29.20 per share to six or more placees. These placees and their ultimate beneficial owners are independent of Hongqiao Holdings or any of its concert parties (as defined under the Takeovers Code) and have no connection with them. They are also independent of the company and its connected persons (as defined under the Listing Rules). Following the completion of both transactions, none of the placees became a substantial shareholder (as defined under the Listing Rules).

A total of 400 million subscription shares were allotted and issued to Hongqiao Holdings at HK$29.20 per share. This represents approximately 4.20% of the company's issued share capital of 9.524 billion shares as of the announcement date, and about 4.03% of the enlarged issued share capital of 9.924 billion shares after the subscription.

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