According to Zhitong Finance App, Olefite Electric Vehicle New Materials (06128.HK) announced that on October 13, 2026, the company plans to place a maximum total of 188 million shares to be placed, which is equivalent to about 19.99% of the company's current issued share capital at the date of this announcement; and about 16.67% of the company's issued share capital after expanding the allocation and issuance of placed shares. The placement price was HK$0.050 per share, a discount of approximately 1.96% from the closing price of HK$0.051 per share on October 13. Assuming that all placed shares are successfully placed in accordance with the placement agreement, the total proceeds from the placement will be approximately HK$9.413 million, while the net proceeds from the placement will be approximately HK$8.9 million. The directors intend to use the net proceeds to repay debts and supplement the Group's working capital to support its business operations.

According to Zhitong Finance App, Olefite Electric Vehicle New Materials (06128.HK) announced that on October 13, 2026, the company plans to place a maximum total of 188 million shares to be placed, which is equivalent to about 19.99% of the company's current issued share capital at the date of this announcement; and about 16.67% of the company's issued share capital after expanding the allocation and issuance of placed shares. The placement price was HK$0.050 per share, a discount of approximately 1.96% from the closing price of HK$0.051 per share on October 13. Assuming that all placed shares are successfully placed in accordance with the placement agreement, the total proceeds from the placement will be approximately HK$9.413 million, while the net proceeds from the placement will be approximately HK$8.9 million. The directors intend to use the net proceeds to repay debts and supplement the Group's working capital to support its business operations.