Placing 188,260,000 shares, representing approximately 19.99% of the issued share capital, to one or more allotees at a price of HK $0.05 and net proceeds of approximately HK $8,900,000. Placing agent: Cheong Lee Securities Limited
The principal activities of the Company and its subsidiaries (collectively the "Group") are the development and processing of graphene products, especially graphite anode materials for lithium-ion batteries used in electric vehicles, energy storage systems and other applications. The Group also provides landscape design services and engages in the electric vehicle manufacturing business.
Included in the Group's loans from directors were HK$3,166,000 (2025: HK$9,687,000) and HK$14,649,000 (2025: HK$12,400,000). These loans are unsecured, denominated in RMB and HK$ respectively, and bear interest at annual rates of 3.75% and 6% respectively.
The Group considers the investment in Chuangchi as a valuable opportunity to strengthen the Group's revenue structureThe Group expects that Chuangchi will bring strong revenue growth in the foreseeable future.
