King’s Stone Holdings Group Limited (King’s Stone) has signed a placing agreement with Pinestone Securities on 25 June 2026 to issue up to 200.00 million new shares under its existing general mandate.

The placement price is set at HK$0.5456 per share, representing an 18.57% discount to the 25 June closing price of HK$0.67 and a 17.33% discount to the five-day average of HK$0.66. The new shares equal 19.41% of current issued capital and will expand the share base to 1.23 billion shares, cutting controlling shareholder Ms. Zeng Jingwen’s stake from 63.93% to 53.54%. No placee is expected to become a substantial shareholder.

Gross proceeds are projected at HK$109.12 million; after a 0.75% placing commission and related expenses, net proceeds are estimated at HK$107.75 million (net placing price: HK$0.539).

Intended deployment of funds: • 36.48% (HK$39.31 million) – energy solutions for industrial-park upgrades, including energy-storage systems and battery-swapping infrastructure. • 36.00% (HK$38.79 million) – equipment procurement, construction and sales of data storage, computing-power and power-energy infrastructure for next-generation industrial and commercial parks. • 19.52% (HK$21.03 million) – general working capital such as salaries, rents, professional fees and other payables. • 8.00% (HK$8.62 million) – reserved buffer for re-allocation among the above uses.

The shares will be issued pursuant to the 20% general mandate approved at the 26 September 2025 AGM; therefore, no further shareholder vote is required. Completion is conditional on Stock Exchange listing approval and other customary consents. The placing may be terminated by the agent under defined adverse events prior to 8:00 a.m. on the completion date.

King’s Stone states the placement will reinforce its capital base and support strategic expansion into green-energy and intelligent-infrastructure services.