China Strategic Technology issues 160.93 million new shares at HKD 0.56, enlarging share base by 26.64%

Bulletin Express03-23

On 23 March 2026, China Strategic Technology Group Limited disclosed a significant equity expansion in its Next Day Disclosure Return, detailing the allotment of 160.93 million new ordinary shares to two strategic subscribers.

Under Subscription Agreement I, 81.00 million shares—equivalent to 13.41 % of the pre-issue share capital—were placed with Ms. Zhong Li at HKD 0.56 per share. Concurrently, Subscription Agreement II introduced 79.93 million shares (13.23 % of the pre-issue base) to Mr. Xie Chang Lun, also priced at HKD 0.56 per share.

The twin placements collectively expanded the company’s issued share capital from 604.07 million to 765.00 million shares, marking a 26.64 % increase. Based on the disclosed issue price, the transactions raised approximately HKD 90.12 million in gross proceeds.

No movements in treasury shares nor any share repurchases or cancellations were reported. The board confirmed that all proceeds have been received and that the issuances complied with Hong Kong Listing Rules and other applicable regulatory requirements.

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