Hong Kong-listed Noble Engineering Group Holdings Limited has entered into a conditional placing agreement to issue up to 55.28 million new shares at HK$0.180 per share through MoneyMore Securities Limited on a best-effort basis. The proposed price represents an 83.72% discount to the 9 September 2026 closing price of HK$0.215 and an 89.82% discount to the five-day average of HK$0.200.

\n\nThe placement volume equals 20.00% of the current 276.38 million issued shares and will expand the share base to 331.66 million, diluting existing holdings proportionately. Gross proceeds are expected to reach HK$9.95 million, with estimated net proceeds of HK$9.69 million after HK$0.26 million in fees and commissions.

\n\nPlanned deployment of funds is as follows: HK$6.00 million (61.94%) for upfront costs on a plastering subcontract awarded in May 2026 and HK$3.69 million (38.05%) for general working capital.

\n\nPost-placement, controlling shareholder Land Noble Holdings Limited’s stake will decrease from 37.99% to 31.66%, while new placees will collectively hold 16.67%. No placee is expected to become a substantial shareholder under GEM rules.

\n\nCompletion is subject to Stock Exchange listing approval and other customary consents by 23 September 2026. The placing agent’s commission is set at 1.00% of the aggregate placing consideration. Termination rights exist for material adverse changes or breaches prior to 10:00 a.m. on the completion date.

\n\nNo equity fundraising has been conducted in the past 12 months. Shareholders and potential investors are advised to exercise caution as the placement remains conditional.