Group 1 - Jiangsu Guofu Hydrogen Energy announced a financing plan through the placement of new H-shares, issuing 1,994,800 shares to raise approximately HKD 100 million, with a net amount of about HKD 98 million after expenses [1] - The placement price is set at HKD 50.13, representing a discount of approximately 9.68% compared to the previous trading day's closing price of HKD 55.50, and an 8.69% discount compared to the average closing price of HKD 54.90 over the past five trading days [1] - The newly issued shares will account for about 1.86% of the existing issued share capital and approximately 1.80% of the enlarged share capital after completion [1] Group 2 - Approximately 72% of the raised funds will be allocated for working capital and general corporate purposes to support business operations and growth [1] - About 20% of the funds will be used to repay outstanding amounts under existing credit financing [1] - The remaining 8% will be directed towards financing investments and collaborations in hydrogen energy projects both in China and overseas [1]

Group 1 - Jiangsu Guofu Hydrogen Energy Technology Equipment Co., Ltd. announced a placement of up to 1.73 million new H-shares at a price of HKD 54 per share, raising a total of HKD 93.47 million, with a net amount of HKD 90.99 million [3] - The placement shares represent approximately 2.13% of the enlarged issued H-shares and 1.62% of the total issued shares [3] - The placement price is about 17% lower than the closing price of HKD 65.1 on the previous Friday [3] Group 2 - The company plans to use the proceeds from the placement for investments and collaborations in hydrogen projects in China and overseas, including hydrogen production plants, refueling stations, and hydrogen liquefaction plants [3] - In the first half of the year, the company recorded revenue of HKD 109 million, a year-on-year decrease of 19.2% [3] - The company's loss narrowed from HKD 112 million in the same period last year to HKD 89.25 million [3] Group 3 - On the day following the announcement, the company's stock opened lower and was reported at HKD 64.4, down 1.08% by midday [3]

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]