CHINA HK POWER (00931) has announced a subscription agreement with Mr. Wei Haifeng, under which the company will issue 100 million new shares at a subscription price of HK$0.290 per share. The agreement was finalized on September 7, 2026, following the close of trading on the Stock Exchange of Hong Kong.

The new shares represent approximately 1.21% of the company's enlarged issued share capital. The subscription price of HK$0.290 per share reflects a discount of approximately 7.9% compared to the closing market price of HK$0.315 per share recorded on the Stock Exchange on the same date.

The total gross proceeds from the share issuance are estimated at approximately HK$29 million, with net proceeds expected to reach about HK$28.8 million after deducting related fees and expenses. The company intends to allocate the net proceeds toward general working capital requirements, including rental expenses, staff costs, professional fees, and other general administrative and operational expenditures.