Group 1 - The company Jiangsu Guofu Hydrogen Energy Technology Equipment Co., Ltd. announced a placement of 1.9948 million new shares at a price of HKD 50.13 per share, raising approximately HKD 100 million [1] - The placement price represents a discount of 9.68% compared to the closing price of HKD 55.5 on the day of the announcement, with the new shares accounting for about 1.8% of the enlarged issued share capital [1] - 72% of the raised funds will be used to support the company's operations, including salaries, social security, and payments to suppliers; 20% will be used to repay existing credit financing, and the remaining 8% will be invested in hydrogen energy projects in China and overseas [1] Group 2 - Following the announcement, the company's stock price fell by 0.1% to HKD 55.45, marking a 65% decline from its high over the past year [1]

Core Viewpoint - Guofu Hydrogen Energy (stock code: 02582) announced a financing plan through the placement of new H-shares, raising approximately HKD 93.5 million, with net proceeds of about HKD 91 million after expenses [1] Group 1: Financing Details - The company will issue 1,730,000 new H-shares at a placement price of HKD 54.03, representing a discount of approximately 17.0% compared to the previous trading day's closing price of HKD 65.10 [1] - The placement price also reflects a discount of about 19.7% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 2.17% of the existing issued H-shares and about 1.65% of the total issued shares [1] Group 2: Use of Proceeds - The net proceeds of approximately HKD 91 million will be allocated to investments and collaborations in hydrogen energy projects both in China and overseas, including hydrogen production plants, refueling stations, and hydrogen liquefaction plants [1] - The issuance is conducted under a general authorization granted by the shareholders' meeting and is expected to be completed on the settlement date [1] Group 3: Company Overview - Guofu Hydrogen Energy is a leading manufacturer of hydrogen storage and transportation equipment in China, involved in the research, development, and manufacturing of core equipment across the entire hydrogen energy value chain [1]