China Yongda Automobiles plans HK$60.36 million share placement at HK$0.83 each

• China Yongda Automobiles Services agreed a private placement of 73,159,881 new shares to Hongxin International Shipping at HK$ 0.83 each.
• Gross proceeds expected at about HK$ 60.36 million; funds earmarked for early-stage embodied intelligence commercial applications.
• Placement shares equal about 4% of existing share capital; about 3.85% on an enlarged basis, assuming no other share changes.
• Price implies a 19.9% discount to the last close of HK$ 1.03; completion remains subject to exchange listing approval.
• Subscriber accepted a 90-day lock-up; also signaled potential secondary-market buying.

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. China Yongda Automobiles Services Holdings 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-20260715-12245685), on July 15, 2026, and is solely responsible for the information contained therein.