China HK Power Smart Energy Group Limited announced on 9 October 2026 that it has completed the placement of 50.00 million new shares under its general mandate. The shares were issued at HK$0.29 each, generating gross proceeds of HK$14.50 million and net proceeds of approximately HK$14.30 million after related expenses. Management reiterated that all net proceeds are earmarked for general working-capital needs, including rental payments, staff costs, professional fees and other administrative expenses.

The new shares represent about 0.60% of the company’s enlarged share capital, which has risen to 8.31 billion shares from 8.26 billion prior to the transaction.

Post-issuance, Chairman Dr. Kan Che Kin (together with his spouse and controlled entity) remains the largest shareholder with 4.48 billion shares, although his stake has edged down to 53.97% from 54.30%. Public shareholders now collectively hold 46.02% of the company, including the unnamed subscriber that acquired the new shares and now owns 0.60% of the total issued share capital.

The board composition is unchanged following the placement and comprises three executive directors, two non-executive directors and three independent non-executive directors.