E&P Global plans debt-to-equity share placement of up to 1.61 billion shares at HK$0.11-HK$0.15 each

• E&P Global announced a debt capitalisation via a subscription agreement to issue new shares to Smart Concept Technology.
• 454,545,454 new shares at HK$ 0.11 under a general mandate to settle up to HK$ 50 million of loans.
• Up to 1,160,000,000 new shares at HK$ 0.15 under a specific mandate to settle remaining indebtedness of about HK$ 176.7 million principal plus accrued interest.
• Subscriber stake would rise to 11.33% on full completion; controlling shareholder would dilute to 50.83% from 57.32%.
• Second tranche requires shareholder approval at an EGM; both tranches require Hong Kong listing clearance.

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. E&P Global Holdings Limited 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-20260628-12219416), on June 28, 2026, and is solely responsible for the information contained therein.