ZHIDA TECH (02650) plans to offer approximately a discount of 11.88% for the sale of up to 19.12565 million shares, raising approximately HK$206 million.

ZHIDA TECH (02650) announced that on June 23, 2026, the company entered into a placement agreement with placement agents. The placement agents have conditionally agreed to use their best efforts to procure not less than 6 placees to subscribe for up to a maximum of 19.125 million shares of placement shares at a placement price of HK$10.98 per H share in accordance with the terms of the placement agreement and subject to its conditions. Assuming full subscription of the placement shares, the number of placement shares will represent approximately 6.01% of the enlarged issued H share capital upon completion of the placement. The placement price of HK$10.98 per share represents a discount of approximately 11.88% to the closing market price of H shares on the last trading day of HK$12.46 per share on the Stock Exchange of Hong Kong. Assuming full subscription of the placement shares, the total proceeds and net proceeds from the placement are expected to be approximately HK$210 million and HK$206 million, respectively. The net proceeds from the placement are intended to be utilized as follows: 30% for the research and development of new products in photovoltaic energy storage systems; 30% for the expansion of application scenarios, channels, and manufacturing capabilities of Siasun Robot & Automation products; 20% for the development of overseas markets for the group's products; and 20% for general working capital of the group.