• South Manganese Investment entered a placing deal to issue up to 987,396,192 new shares at HK$ 0.31 each.
• Deal size up to HK$ 310.04 million gross. Net proceeds seen at HK$ 303.53 million.
• Placement equals 20% of current shares outstanding. Dilution about 16.67% on an enlarged basis.
• Pricing set at an 18.44% discount to the prior close of HK$ 0.39.
• Proceeds earmarked mainly for debt repayment. Remainder targeted for general working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Manganese Investment Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260818-12289434), on August 18, 2026, and is solely responsible for the information contained therein.