On 30 September 2026, China HK Power Smart Energy Group Limited released a supplemental announcement detailing the deployment of funds raised through its recent share subscriptions executed under the general mandate on 14 August, 7 September and 14 September 2026.
The company projects total working-capital requirements of approximately HK$110.00 million for the current financial year. The budget is earmarked as follows: • Staff costs: HK$74.00 million, representing 67.3 % of the total; • Rental payments: HK$10.00 million, 9.1 %; • Professional fees: HK$8.00 million, 7.3 %; • Other general administrative and operating expenses: HK$18.00 million, 16.3 %.
Net proceeds of about HK$90.80 million from the three share subscription agreements have been designated to fund the bulk of this working-capital programme. The proceeds are to be applied proportionally to key expense lines: • Staff costs: HK$74.00 million (81.5 % of the proceeds); • Rental payments: HK$10.00 million (11.0 %); • Professional fees: HK$6.80 million (7.5 %).
Management noted that actual utilisation and category allocation will depend on operational needs, but affirmed that all other information previously disclosed regarding the subscriptions remains unchanged.