Guofu Hydrogen Energy (02582) completed placement of 4.858 million shares to raise approximately HK$197 million

According to the Zhitong Finance App, Guofu Hydrogen Energy (02582) issued an announcement. All conditions contained in the placement agreement have been fulfilled, and the placement matters were completed on December 2, 2025 in accordance with the terms of the placement agreement. The placement agent has placed a total of 4.858 million shares to no less than six assignees in accordance with the terms and conditions of the placement agreement. The placement price for each share is HK$41.166. The placement shares are equivalent to the total number of issued H shares and the total number of issued shares expanded by allocating and issuing the placement shares immediately after the placement transaction was completed, approximately 5.12% and 4.05% of the total number of issued shares, respectively. The total proceeds from the placement were approximately HK$200 million, while the net proceeds were approximately HK$197 million.

The company plans to use about 60% of the net proceeds from the placement for financing investment and cooperation in hydrogen energy projects in China and overseas; and about 40% for working capital and general corporate purposes to support the Group's business operations and growth. The specific use of the proceeds may be adjusted by the board of directors or its authorized persons according to the operating conditions and actual needs of the company or group and relevant opinions received from the applicable supervisory authority.