Golden Power Group sets HK$7.78 million share placement at HK$1.2 each

• Golden Power Group Holdings entered a subscription agreement on May 6, 2026 to issue 6,480,000 new shares at HK$ 1.2 each under general mandate.
• Deal size HK$ 7.78 million gross, HK$ 7.7 million net; price implies 14.29% discount to May 6 close of HK$ 1.4.
• New shares equal 20% of existing share capital, 16.7% of enlarged share capital; subscriber Ko Kin Hang to hold 16.67% on completion.
• Proceeds earmarked for specialty battery technology development, near-term bank facility repayment, working capital.
• Completion targeted for fifth business day following satisfaction or waiver of conditions; long-stop date May 27, 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. Golden Power Group Holdings 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-20260506-12150046), on May 06, 2026, and is solely responsible for the information contained therein.