Zhitong Finance App News, CHINANAWENERGY (01156) issued an announcement. All conditions contained in the placement agreement have been met, and the placement matters have been completed on July 15, 2026. According to the terms and conditions of the placement agreement, the placement agent has successfully placed a total of 118 million shares to no less than six undertakers at an placement price of HK$0.173 per placed share, which is equivalent to approximately 16.67% of the company's issued share capital which was expanded through allotment and issuance of placement shares immediately after the placement was completed. The placement price of HK$0.173 refers to the current market price of the shares and is determined by negotiation between the Company and the placing agent on a fair basis. The price is discounted by approximately 15.61% from (i) the closing price of HK$0.205 reported by the Stock Exchange on the date of the placement agreement.

The net proceeds from the placement (after deducting placement commissions and other related expenses) are approximately HK$19.59 million. The Company intends to use the full net proceeds from the placement to supplement the Company's general working capital.

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