ADD NEW ENERGY (02623) plans to invest approximately 39.5 million Australian dollars to subscribe for approximately 9.95% equity of Australian gold producer Horizon Minerals Limited. Resumption of trading will take place on February 24th.

23:04 23/02/2026

Ai De New Energy (02623) announced that on February 18, 2026, the company entered into a subscription letter and intends to subscribe for a total of approximately 36.5741 million shares of new shares to be issued by Horizon Minerals Limited at a subscription price of 1.08 Australian dollars per share, for a total consideration of approximately 39.5 million Australian dollars to be paid in cash. The company has applied to the Stock Exchange for resumption of trading of the shares from 9:00 am on February 24, 2026. Upon completion, the company will collectively hold approximately 9.95% of the enlarged issued share capital of the target company's shares issued under the two tranches of the subscription.

ADD NEW ENERGY (02623) announced that on February 18, 2026, the company entered into a subscription letter with Horizon Minerals Limited, subscribing for a total of approximately 36.5741 million shares at a subscription price of AUD 1.08 per share, with a total consideration of approximately AUD 39.5 million to be paid in cash. The company has applied to the Stock Exchange for the resumption of trading of the shares from 9:00 am on February 24, 2026. After completion, the company will collectively hold approximately 9.95% of the enlarged issued share capital of the target company resulting from the issuance of the subscription shares under two separate batches. It is understood that the target company is a medium-sized gold producer with projects located in the Western Australian gold mining area.

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