According to Zhitong Finance App News, Puxing Energy (00090) announced that on October 30, 2026, the Company entered into a subscription agreement with Puxing International Limited. The Company conditionally agreed to allocate and issue, and the subscribers conditionally agreed to subscribe for 61.4 million subscribed shares at a subscription price of HK$0.834 per subscription share, with a total cost of about HK$5.11 million.

Assuming that there is no change in the issued share capital of the Company from the date of this announcement until completion, the total number of 61.4 million subscribed shares pre-allotted and issued in accordance with the subscription matters is equivalent to about 13.39% of the total number of issued shares on the date of this announcement; and about 11.81% of the total number of issued shares expanded through allotted and issued subscription shares immediately after completion. The subscription price of HK$0.834 per share is approximately 1.09% premium over the closing price of HK$0.825 per share reported on the Stock Exchange on October 30, 2026 (the date of the subscription agreement).

The total amount of proceeds from the subscription process is approximately HK$5.11 million. After deducting related expenses, the net proceeds from the subscription process are approximately HK$50.5 million, which is equivalent to a net subscription price of approximately HK$0.822 per subscription share.

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