Zhi Tong Cai Jing·2025-09-18 00:13Group 1 - The company announced a board meeting on September 17, 2025, where it approved a proposal to issue new H-shares on the Hong Kong Stock Exchange under a general mandate [1] - A total of 68 million new H-shares will be issued at a price of HKD 15.92 per share, with expected gross proceeds of approximately HKD 1.083 billion and net proceeds of about HKD 1.075 billion after deducting related costs [1] - The net proceeds will be allocated for general working capital, with approximately 50% (around HKD 537 million) earmarked for research and development, and the other 50% for expanding sales channels [1] Group 2 - The power generation equipment industry is undergoing significant transformation driven by "dual carbon" goals, with strong demand for renewable energy sources (wind, solar, hydro) and supporting equipment for new power systems (such as energy storage and smart grids) [2] - The company needs to continue investing to maintain its leading position in the industry, and the funds raised from the share placement will support its operational activities [2]