According to the Zhitong Finance App, Shandong Molong (002490.SZ) announced that the company plans to place new H shares on the main board of the Hong Kong Stock Exchange in accordance with general authorization. On July 22, 2026 (before the trading period), the company signed a “Placement Agreement” with the Placing Agent. The Company and the Placing Agent agreed to induce no less than six undertakers (they and their ultimate beneficial owners will be independent third parties) to subscribe for 25.6784 million shares in accordance with the Placing Price of HK$4.58 per share.

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