CATL Plans to Raise Over HKD 39 Billion via New H-Share Placement

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