FOLANGSI (02499) intends to issue a total of 14.5 million H shares at a discount of approximately 2.27%, raising approximately HK$86.8 million net.

FOLANGSI (02499) announced on April 17, 2026, that the company has entered into a subscription agreement with a subscriber. According to this agreement, the subscriber has conditionally agreed to subscribe for a total of 14.5 million H shares issued by the company, at a subscription price of HK$6.02 per share. The subscription shares will be issued and distributed under the general mandate for issuance. Assuming that the company's issued share capital remains unchanged from the date of this announcement to the completion period, the subscription shares would represent approximately 4.17% of the issued share capital of the company as of the date of this announcement, and approximately 4.00% after the issuance of the subscription shares. The subscription price represents a discount of approximately 2.27% to the closing market price of HK$6.16 per share on the last trading day on the Stock Exchange. The total amount raised from the subscription is approximately HK$87.3 million, with a net amount of approximately HK$86.8 million. The net proceeds will be used for the company's daily operations, to support technology innovation and digital operations, expand offline service networks, and develop electric business initiatives.