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

• Golden Power Group Holdings completed a subscription share placement on May 19, issuing 6,480,000 new shares at HK$ 1.2 each.
• Gross proceeds totaled about HK$ 7.78 million, with net proceeds of about HK$ 7.7 million.
• The new shares equal about 20% of existing share capital, with the subscriber taking a 16.67% stake in the enlarged share capital and becoming a substantial shareholder.
• Proceeds will be used mainly for specialty battery technology and AI-related production upgrades, with the balance for near-term bank facility repayments and working capital.

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 regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260519-12164270), on May 19, 2026, and is solely responsible for the information contained therein.