Folangsi completes placement of 14,500,000 new H shares at HK$ 6.02 each

• Folangsi completed a private placement of 14,500,000 new H shares on May 11, 2026, issued under general mandate at HK$ 6.02 per share.
• Gross proceeds totaled about HK$ 87.3 million; net proceeds about HK$ 86.8 million.
• New shares represent about 4% of enlarged share capital; total issued shares rose to 362,522,816.
• Net proceeds earmarked mainly for electrification-related fleet expansion, offline service network buildout, working capital, technology and digital operations, with utilization targeted by June 30, 2028.

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. Folangsi Co. 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-20260511-12155407), on May 11, 2026, and is solely responsible for the information contained therein.