Boleyton (01333) completed placement of 183.16,200 shares to raise approximately HK$199 million

According to Zhitong Finance App, Boleyton (01333) issued an announcement that all conditions under the placement agreement have been met, and the placement was completed on October 21, 2026. A total of 183.16,200 new H shares (accounting for approximately 4.65% and 4.30% of the total number of issued H shares (excluding treasury shares) which were expanded after the placement was completed) have been successfully placed to no less than six undertakers at the placement price of HK$12.06 per H share in accordance with the terms set out in the placement agreement and subject to its conditions.

The total proceeds from this placement and the net proceeds (after deducting commissions and estimated expenses) were approximately HK$221 million and approximately HK$199 million respectively.

The Company intends to use: (i) approximately 60% of the net proceeds from the placement for investment and development of overseas photovoltaic and energy storage projects, which is expected to be fully utilized by the end of 2027; (ii) approximately 20% of the net proceeds from the placement will be used to repay the Group's interest-bearing loans, which are expected to be fully utilized by the end of 2026; and (iii) approximately 20% of the net proceeds from the placement for working capital and general business purposes, which are expected to be fully utilized by the end of 2027.