Jiangsu Lopal Tech. Group (02465) completes placement of a total of 15 million shares, raising approximately HK$194 million net.

Jiangsu Lopal Tech. Group (02465) announces that, in accordance with the terms and conditions of the placement agreement, the placement matters will be finalized on June 22, 2026. All the prerequisites stated in the placement agreement have been met. The Company, through joint placement agents, will place a total of 15 million new H shares at a placement price of HK$13.09 per share. The joint placement agents have successfully placed a total of 15 million shares at a placement price of HK$13.09 per share to no less than six underwriters, representing approximately 11.11% of the H shares after the issuance and expansion of the placement shares, and approximately 1.90% of the total number of issued shares after the issuance and expansion of the placement shares. After conducting all reasonable inquiries, the directors are well aware, fully informed, and confident that the underwriters and their ultimate beneficial owners are all independent third parties, and that none of them will become a major shareholder of the Company following the completion of the placement. The net proceeds from the placement matters (after deducting all fees, costs, and expenses incurred by the Company in relation to the placement, including commissions) are approximately HK$194 million.