Allied Sustainability plans HK$ 14.7 million share placement at HK$ 0.1 each

• Allied Sustainability and Environmental Consultants Group signed placing agreement on April 21, 2026 to issue up to 146,638,000 new shares at HK$ 0.1 each.
• Gross proceeds expected at HK$ 14.7 million; net proceeds estimated at about HK$ 14.2 million.
• New shares equal about 19.9% of existing issued share capital; about 16.6% on enlarged basis if fully placed.
• Net proceeds earmarked mainly for working capital tied to hydrogen power, renewable energy, sustainable supply chain initiatives; remainder for bank loan repayment, corporate expenses.
• Completion set for second business day following satisfaction of listing, approval conditions; long-stop date May 12, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allied Sustainability and Environmental Consultants Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260422-12114722), on April 21, 2026, and is solely responsible for the information contained therein.