China New Energy Plans Share Placement to Raise Up to HK$ 18.99 Million

• China New Energy agreed Nov. 9, 2026, to place up to 117,951,779 shares at HK$ 0.161 each on a best-efforts basis.
• The placement price represents a 6.94% discount to the closing share price on the agreement date.
• Full subscription would raise approximately HK$ 18.99 million gross, with net proceeds estimated at HK$ 18.24 million.
• Net proceeds will fund business operations and general working capital.
• The new shares would represent approximately 14.29% of enlarged share capital if fully placed; completion requires stock exchange listing approval.

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 New Energy Limited 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-20261109-12406079), on November 09, 2026, and is solely responsible for the information contained therein.