Shandong Molong announced that the company held a board meeting on July 21, 2026 to review and pass the “Proposal on the Company's Issuance of H Shares under General Authorization”. The Company signed a Placement Agreement with the Placing Agent to place 25.6784 million new H shares at a placement price of HK$4.58 per share. The total proceeds from the placement are estimated to be approximately $118 million, and the total net amount is estimated to be approximately $116 million. The company plans to use the proceeds to repay outstanding loans and working capital.

Shandong Molong announced that the company held a board meeting on July 21, 2026 to review and pass the “Proposal on the Company's Issuance of H Shares under General Authorization”. The Company signed a Placement Agreement with the Placing Agent to place 25.6784 million new H shares at a placement price of HK$4.58 per share. The total proceeds from the placement are estimated to be approximately $118 million, and the total net amount is estimated to be approximately $116 million. The company plans to use the proceeds to repay outstanding loans and working capital.