AEC Group: Planned 146.64 Million-Share Placement Lapses After Conditions Unmet

Bulletin Express06-23

Allied Sustainability and Environmental Consultants Group Limited (AEC Group) announced that the proposed placing of up to 146.64 million new shares under its general mandate has lapsed after the specified conditions precedent were not fulfilled by the extended long-stop date of 23 June 2026.

The placing agreement—originally disclosed on 22 April 2026 and subsequently extended on 12 May and 2 June 2026—was intended to issue the new shares through a placing agent. With the failure to meet its conditions, all rights and obligations under the agreement have ceased, and no party will pursue claims related to the terminated transaction.

According to the board, the lapse of the placing will not have a material adverse impact on AEC Group’s current operations or financial position.

At the date of the announcement, the board comprises Executive Directors Ms. Kwok May Han Grace (Chairman) and Mr. Wu Dennis Pak Kit (Chief Executive Officer), alongside three Independent Non-Executive Directors: Ms. Wong Yee Lin Elaine, Mr. Li Wing Sum Steven and Ms. Lam Ka Lai.

The statement reaffirms that all information provided complies with the GEM Listing Rules of The Stock Exchange of Hong Kong and remains available on both the HKEX news website and the company’s official site.

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