Hong Kong – 9 September 2026 – Green Energy Group Limited (Green Energy) has closed its HK$10.61 million share placement, issuing 26.53 million new shares at HK$0.40 each under the existing general mandate. The new shares represent approximately 1.92 per cent of the enlarged share capital, lifting the total issued shares to 1.38 billion.
Six or more independent investors subscribed to the placement; none now holds a substantial shareholding, and all are subject to a six-month lock-up. Post-transaction, New Glory Business Corporation remains the largest shareholder with a 19.37 per cent stake, while public float stands at 66.45 per cent.
Net proceeds of about HK$10.30 million will be allocated as follows: • HK$8.24 million (80 %) – deposits and working inventory for memory chips, computing chips and other AI-related semiconductor components; • HK$1.03 million (10 %) – expansion of supplier resources, customer acquisition and channel development; • HK$1.03 million (10 %) – general working capital, primarily staff costs.
The funds target rapid scaling of the AI Chip Trading Business operated via wholly-owned subsidiary Red Huge Limited. Green Energy recorded approximately HK$80 million in chip-related trading sales during May–June 2026 and estimates a HK$42.50 million funding need over the next 12 months to support procurement volumes, inventory and supplier deposits; remaining capital requirements will be met from internal resources.
Management positions the AI Chip Trading Business as an “asset-light” model focused on sourcing enterprise SSDs, DDR5 memory and other AI computing components from suppliers in Hong Kong and Taiwan and distributing to PRC IT distributors and system integrators. Strategic cooperation agreements with three core suppliers underpin product availability, while preliminary customer intents totalling at least HK$50 million are expected to convert to contracts within two months.
Green Energy pivoted to semiconductor distribution following consecutive losses of HK$18.40 million in FY 2025 and HK$4.60 million in 1H FY 2026. Early operations of the AI Chip Trading Business generated a profit in FY 2026, prompting management to prioritise this segment while continuing to streamline legacy environmental and recycling units.
The board views the placement as a necessary step to enlarge working capital, strengthen supply-chain credibility and seize near-term AI hardware demand, without altering the company’s overarching dual-business strategy encompassing both recycling and high-growth technology trading.