Lingbao Gold (03330) plans to place 298.16 million H shares first, then a net raise of HK$770.6 million

Zhitong Finance App News, Lingbao Gold (03330) issued an announcement. On April 14, 2026 (before the trading period), the seller, the company and the placement agent entered into a placement and subscription agreement. The seller agreed to appoint the placement agent as an agent, and the placement agent agreed to use the best effort to induce the buyer to purchase the placed shares (i.e. HK$26.16 million H shares per share); and the seller agreed to subscribe according to the subscription price (the same as the placement price), and the company agreed to subscribe at the subscription price (the same as the offer price). The seller allocates and issues subscribed shares (i.e. 298.16 million shares H shares, the same as the number of shares placed).

Placed shares are equivalent to approximately 2.55% of the currently issued H shares and about 2.20% of the currently issued shares, as well as about 2.48% of the currently issued H shares and 2.16% of the existing issued shares after the allocation and issuance of subscription shares was extended (assuming that, apart from the issuance of subscription shares, there will be no change in the number of issued shares of the Company from the date of this announcement until the completion of the subscription matters).

The placement price is HK$26.16 per share, which is approximately 4.53% off the closing price of HK$27.40 per H share as reported on the Stock Exchange prior to the date of the placement and subscription agreement.

The maximum total and net proceeds from the subscription process were approximately HK$780 million and HK$770.6 million respectively. Under this benchmark, the net issue price for each placed share is approximately HK$25.85 per placed share. The company intends to use the net proceeds for the acquisition and construction of high-quality overseas gold mining assets, exploration and expansion of mineral resources, and general working capital.

The directors have considered various ways to raise capital and believe that placement matters and subscription matters provide opportunities for the Company to raise capital and at the same time expand its shareholder and capital base. The directors believe that the placement will reduce the Group's overall bank loans and strengthen the Group's financial position.