According to Zhitong Finance App News, Rongli Construction (09639) announced that on October 28, 2026 (after the trading period on the Stock Exchange), the Company entered into a placement agreement with the placement agent. According to this, the Company has agreed to the issue with conditions, and the placement agent has conditionally agreed (as an agent of the Company) to induce no less than six undertakers (they and their ultimate beneficial owners must be independent third parties) to subscribe for up to 100 million shares according to the placement price of HK$0.97 per share.

Assuming that there is no change in the issued share capital of the Company between the date of this announcement and the completion of the placement, the maximum 100 million shares placed under the placement is equivalent to 10.00% of the Company's issued share capital on the date of this announcement and approximately 9.09% of the issued share capital after the issued placement shares were expanded.

The placement price was HK$0.97 per share, a discount of approximately 9.77% per share from the closing price of HK$1.075 reported on the Stock Exchange on the date of the placement agreement.

Assuming that all placed shares are fully placed, the estimated total proceeds and net proceeds (after deducting placement commissions and other related expenses and professional expenses) will be approximately HK$97 million and HK$94.6 million respectively.

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