China Hong Kong Oil (00632.HK) has completed a placement of a total of 87 million shares, raising approximately 17.35 million Hong Kong dollars.

Zhonggang Petroleum (00632.HK) announced that all conditions have been met and the completion was finalized on June 18, 2026. A total of 87 million shares of the placed shares have been successfully allocated to no less than six underwriters at a price of HK$0.21 per share in accordance with the terms and conditions of the placement agreement. Based on all reasonable inquiries made by the directors, it is deeply understood, fully understood, and confirmed that all underwriters are individual investors and independent third parties; and there are no underwriters who become major shareholders after completion.