Changes in Hong Kong stocks | GCL New Energy (00451) opens nearly 7% and plans to issue 186.5 million subscription shares to Pharos to collaborate to accelerate the integration of Web3 and the new energy industry

The Zhitong Finance App learned that GCL New Energy (00451) opened nearly 7% higher. As of press release, it had risen 6.98% to HK$1.38, with a turnover of HK$2,536,500.

According to the news, GCL New Energy announced that on January 7, 2026, the company signed a subscription and investment agreement with the subscriber (that is, Pharos). The company plans to issue 186.5 million subscription shares to the subscriber, HK$1.033 per share; as a price for the subscription, the company agreed to make the purchase, and the subscriber agreed to accept the investment.

Pharos is a next-generation Layer 1 public chain focused on building institutional tokenized asset application scenarios. The investment will give full play to Pharos' advanced technology and the Group's resource advantages, accelerate the integration of Web3 and the new energy industry, and create collaborative value for all parties. At the same time, the investment allows the company to explore the potential of blockchain technology for innovation in the new energy industry and create sustainable value for shareholders. The directors also saw the subscription as a good opportunity for the Group to expand its capital and shareholder base.