Shandong Molong (00568) completed the placement of a total of 336.15,600 new H shares to raise about HK$115 million

Zhitong Finance App News, Shandong Molong (00568) issued an announcement. All prerequisites for placement matters contained in the placement agreement have been met (including obtaining approval from the Listing Committee to list and trade shares), and the placement matters have been completed on September 28, 2026.

On September 28, 2026, a total of 336.15,600 new H shares (accounting for about 10.66% of the total number of issued H shares expanded by allotted and issued placement shares and approximately 3.92% of the total number of issued shares expanded by the placement shares) were successfully allocated and issued by the Company to no less than six undertakers at a placement price of HK$3.50 per placed share; such undertakers and their ultimate beneficial owners are all independent third parties, and any director or subsidiary of the Company, Supervisors, top executives, or The major shareholders or their respective contacts are unrelated. The total net proceeds from the placement (after deducting commissions and estimated expenses) is approximately HK$115 million.

The total number of issued shares increased from 824 million to 857 million due to the issuance of placed shares. After completion, the total number of H shares issued increased from 282 million H shares to 315 million H shares, while the number of A shares remained unchanged at 542 million A shares.