GOLDENPOWER (03919) plans to discount approximately 14.29% of the issuance of 6.48 million shares, netting approximately HK$7.7 million.

GOLDENPOWER (03919) issued an announcement that on May 6, 2026, the company intends to issue a total of 6.48 million shares to the subscriber (Mr. Gao Jianxing), equivalent to 20% of the company's existing issued share capital as of the date of this announcement; and after the issuance of subscription shares, the company's issued share capital will be approximately 16.7%. The subscription price for each subscription share is HK$1.20, representing a discount of approximately 14.29% from the closing price of HK$1.40 on May 6. The total amount of funds raised from the subscription and the net proceeds are approximately HK$7.78 million and HK$7.70 million, respectively. The company intends to use the net proceeds from the subscription as follows: (i) approximately 40% for the development and expansion of new technologies and patents for the application of special batteries used in medical care and medical equipment, and to develop and enhance artificial intelligence production facilities and equipment for special batteries; (ii) approximately 40% for the repayment of bank financing that the group will be due in the next six months; (iii) approximately 20% for general operating funds of the group.