Hubei Energy adjusts share price, increases quantity in private placement

Hubei Energy Group has adjusted the issuance price of its A-shares in a private placement from CNY4.95 to CNY4.85 per share, effective after the completion of its 2024 dividend distribution, which distributed CNY0.10 per share. Consequently, the number of shares to be issued has been adjusted upwards to a maximum of 597,938,144 shares, from the previous maximum of 585,858,585 shares. This adjustment ensures the total fundraising amount remains capped at CNY290,000,000. The adjustments are in line with the terms outlined in the company's previously approved plan by the board, shareholders, and supervisors, and are detailed in the announcement made on June 24, 2025. The total issuance will remain below 30% of the total share capital prior to this issuance. All other terms of the private placement remain unchanged.