NUOBIKAN (02635) completes placement of a total of 16.4885 million shares, raising approximately HK$131 million net.

NUOBIKAN (02635) announces that all conditions precedent to the placing under the placing agreement have been fulfilled (including the Listing Committee's approval for the listing of, and permission to deal in, the placing shares), and the placing was completed on October 9, 2026. A total of 16,488,500 new H shares, representing approximately 5.14% of the total number of H shares and approximately 4.17% of the total number of issued shares as enlarged by the allotment and issue of the placing shares, were successfully allotted and issued by the Company on October 9, 2026 at the placing price of HK$8.19 per placing share to not fewer than six placees, whose respective ultimate beneficial owners are all independent third parties (to the best of the Directors' knowledge, information and belief after having made all reasonable enquiries). Immediately following the completion of the placing, none of the placees became a substantial shareholder (as defined in the Listing Rules) of the Company. The gross proceeds from the placing amounted to approximately HK$135 million, and the net proceeds from the placing, after deducting the placing commission and other relevant costs and expenses of the placing, amounted to approximately HK$131 million. The net proceeds from the placing will be used in accordance with the intended use disclosed in the placing announcement and the Company's supplemental announcement dated October 8, 2026 in relation to the placing.