China Gas plans to issue a total of 334 million subscription shares at a premium of approximately 1.35% and net raising of approximately HK$24.75 million

China Gas(08246) announced that on October 3, 2025 (after the trading hours), the company (as the issuer) entered into a subscription agreement with the subscriber, pursuant to which the subscriber conditionally agreed to subscribe and the company conditionally agreed to allot and issue a total of 3.3.4 billion subscription shares at a subscription price of HK$0.075 per subscription share.
Assuming that there is no change in the Company's issued share capital between the date of this announcement and the completion date, the subscription shares represent (i) approximately 7.83% of the Company's existing issued share capital as at the date of this announcement; and (ii) approximately 7.26% of the Company's issued share capital as enlarged by the allotment and issue of the subscription shares.
The subscription price per subscription share is HK$0.075, which is a premium of approximately 1.35% to the closing price of HK$0.074 per share quoted on the Stock Exchange on October 3, 2025 (the date of the subscription agreement).
Assuming that the subscription shares are fully subscribed, the total proceeds from the subscription are expected to be HK$25.05 million, and the net proceeds from the subscription (after deducting all related expenses) are estimated to be approximately HK$24.75 million, or a net price of approximately HK$0.074 per subscription share. The company intends to use the net proceeds as general working capital of the group.