The share offering of Zhengwei Group (02147) was effectively accepted to raise approximately HK$160 million in net terms of approximately 36.13%

According to Zhitong Finance App News, Zhengwei Group (02147) issued an announcement. At 4:00 p.m. on October 5, 2026 (Monday) (that is, the final acceptance period), a total of 9 valid admissions were received, totaling 146 million shares to be offered, accounting for about 36.13% of the total number of shares offered for sale under the share offering. As a result, the share offering was insufficient, and 258 million shares were not subscribed, accounting for about 63.87% of the total number of shares offered. These shares will be subject to compensation arrangements.

The Company has made compensation arrangements through a placement agreement with the Placing Agent in accordance with section 7.21 (1) (b) of the Listing Rules. According to this, the Company has appointed a placement agent, and the placement agent has agreed to act as the Company's placement agent to facilitate the placement of unsubscribed shares and unsold shares of unsubscribed shares to independent undertakers during the placement period.

On October 28, 2026 (Wednesday) at 6:00 p.m. (that is the deadline for placement agents to place shares), 258 million unsubscribed shares were successfully placed to no less than six (6) undertakers at a price of HK$0.4 per share (equivalent to the subscription price) in accordance with the placement matters. As a result, there is no net income to distribute to non-acting shareholders.

All conditions relating to the share offering and placement as set out in the share offering regulations have been fulfilled, and the share offering and placement matters will become unconditional on October 29, 2026 (Thursday) at 4:00 p.m.

Based on the acceptance results of the share offering and the results of the placement matters, the pre-allotted and issued shares were 403 million shares, which is equivalent to 100% of the total number of shares offered for subscription under the share offering.

The total proceeds from the share offering were approximately HK$161 million, while the net proceeds from the offering (after deducting related expenses) were approximately HK$160 million. As disclosed in the stock offering regulations, the Company intends to use 100% of the net proceeds from the share offering to repay the Group's bank loans.