Breton Technology completes H share placing, amends articles, secures EV truck orders

Breton Technology Co., Ltd. (stock code: 1333) completed the placing of 10 million new H Shares at HK$25.08 per H Share on November 24, 2025. This issuance represents approximately 3.98% of the H Shares in issue and 2.57% of the total enlarged share capital. Gross proceeds amounted to approximately HK$250.8 million, with net proceeds of approximately HK$240.0 million allocated across overseas PV-storage projects (HK$168.0 million), repayment of borrowings (HK$36.0 million), and the Mining Truck Scheduling System (HK$36.0 million).

Following the placing, the company’s registered capital and total number of shares changed to RMB389,651,762 and 389,651,762 Shares, respectively. This led to amendments to the Articles of Association to reflect these changes. The Articles of Association (effective November 23, 2022) confirm the registered capital and outline provisions for share capital, business scope, and corporate governance.

Additionally, Breton Technology provided a voluntary announcement on the progress of a strategic cooperation agreement with Xinjiang Mingyang Mining Construction Group Co., Ltd. During the cooperation period (September 23, 2025, to September 22, 2028), Mingyang Mining intends to purchase no less than 1,000 electric mining trucks. The company recently received initial purchase orders totaling RMB65.2 million for battery-electric wide-body mining trucks.