Puxing Energy Plans HK$ 51.21 Million Share Placement to Controlling Shareholder

• Puxing Energy agreed Oct. 30, 2026, to issue 61,400,000 shares to controlling shareholder Puxing International for approximately HK$ 51.21 million.
• The HK$ 0.834 subscription price represents a 1.09% premium to the closing share price on the agreement date.
• Puxing International’s stake would rise to 69.5% from 65.42% upon completion.
• Net proceeds total approximately HK$ 50.5 million, including HK$ 45.5 million earmarked for technology-related investments by December 2027.
• Completion requires independent shareholder approval, listing permission and other conditions; closing is due within five business days of satisfying those conditions.

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. Puxing Energy 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-20261030-12391715), on October 30, 2026, and is solely responsible for the information contained therein.