GUOFUHEE (02582) announced that on November 25, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the company appointed the agent to arrange for subscribers to purchase up to 4.858 million placement shares at HK$41.166 per share on a best-efforts basis.
The placement shares represent approximately 5.12% of the enlarged issued H-share capital and 4.05% of the total issued share capital (assuming no changes in issued shares other than the placement). The placement price of HK$41.166 per share represents a 10.00% discount to the closing price of HK$45.740 per share on the Hong Kong Stock Exchange on November 25, 2025.
Assuming full subscription, the gross proceeds from the placement are expected to be approximately HK$200 million. After deducting related fees and expenses, the estimated net proceeds amount to HK$197 million, translating to a net placement price of about HK$40.54 per share.
The company intends to allocate the net proceeds as follows: (i) approximately 60% for financing investments and collaborations in hydrogen energy projects in China and overseas; and (ii) around 40% for working capital and general corporate purposes to support business operations and growth.
