ZHONGHUA GAS (08246) plans to issue a total of 230 million capital shares.

ZHONGHUA GAS (08246) announces that on April 16, 2025 (after trading hours on the Stock Exchange), the company (as the issuer) has entered into a loan capitalization agreement with Mr. Hu (as the subscriber). Under this agreement, the parties have conditionally agreed that the subscriber will subscribe and the company will issue a total of 230 million capitalization shares at a capitalization price of HK$0.119 per capitalization share. The total amount payable by the subscriber for all capitalization shares will be settled after completion through capitalization and offsetting part of the loan. Assuming that the total number of issued shares has not changed from the announcement date to the period of issuance of capitalization shares, the capitalization shares will account for approximately 5.70% of the total number of issued shares as of the announcement date, and approximately 5.39% of the enlarged total number of issued shares after the issuance of capitalization shares. The company will apply to the Stock Exchange for approval to list and trade the capitalization shares.