Green Energy Technology Group (00979) plans to place a premium of about 31.15% for a total of up to 136 million shares to raise about HK$53.1 million

According to Zhitong Finance App, Green Energy Technology Group (00979) issued an announcement. On July 15, 2026, the Company entered into a placement agreement with the placement agent. Based on this, the Company has conditionally agreed to use the placement agent to place a total of up to 136 million shares at a placement price of HK$0.4 per share on a best-effort basis.

Assuming that there is no change in the issued share capital of the Company from the date of the announcement to completion, the placed shares are equivalent to (i) approximately 10.00% of the Company's current issued share capital at the date of publication of this announcement; and (ii) approximately 9.09% of the Company's issued share capital expanded through allotment and issuance of placed shares. The maximum face value of the placed shares for the placement was HK$1,356,300.

The placement price was HK$0.4 per share, a premium of approximately 31.15% over the closing price of HK$0.305 per share reported on the Stock Exchange on July 15, 2026.

Assuming that all of the placed shares are fully placed, the total proceeds from the placement will be approximately HK$54.3 million, while the net proceeds from the placement (after deducting placement commissions and other related expenses arising from the placement) will be approximately HK$53.1 million. The Company intends to use the net proceeds from the placement as the Group's general working capital, including but not limited to rent, salaries and other administrative expenses.