China Baoli Technologies completes HK$8.00 million share subscription; 19.77 million new shares issued at HK$0.42 each

Bulletin Express06-01

China Baoli Technologies Holdings Limited announced the completion of its share subscription exercise on 1 June 2026 after all conditions set out in the subscription agreements were fulfilled.

Under the transaction, 19.77 million new shares were allotted and issued to designated subscribers at HK$0.42 per share, utilising the company’s existing general mandate.

After deducting professional fees and related expenses, the subscription generated net proceeds of approximately HK$8.00 million. The funds will be applied in accordance with the use of proceeds detailed in the 19 May 2026 announcement that initially disclosed the deal.

The board composition remains unchanged, with Wang Bin as Chairman, Zhang Yi as Vice Chairman, and Chu Wei Ning serving as Chief Executive Officer.

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