CATL plans to place new H-shares to raise over HK$39 billion

CATL (03750.HK) announced on the Hong Kong Stock Exchange that on April 28, the company entered into a placement agreement with the placing agents. Accordingly, the placing agents have conditionally agreed to act as the company's placing agents to procure no fewer than six placees (who and whose ultimate beneficial owners will be independent third parties) to subscribe for 62,385,000 placement shares at a placing price of HK$628.20 per placement share. The total gross proceeds from the placement are approximately HK$39.19 billion, and the net proceeds from the placement (after deducting the placing commission and other related costs and expenses of the placement) are estimated to be approximately HK$39.11 billion. The net proceeds raised from this placement will be used for global new energy project construction and zero-carbon business layout, research and development investment, replenishment of daily working capital, and other general corporate purposes. (Jinshi)