Congyu Intelligent Agricultural has signed a supplemental agreement with its placing agent to extend the long stop date for completing its previously announced share placement. The deadline has shifted from 7 September 2026 to 28 September 2026, allowing additional time for the agent to secure subscribers for up to 139.81 million new shares to be issued under the company’s general mandate.
Key Terms • Placing size: Up to 139.81 million new shares. • Placing price: HK$0.24 per share. • Pricing reference: 15.79% discount to the HK$0.285 closing price on 7 September 2026 and 19.19% below the five-day average closing price of HK$0.297. • All other terms of the original 17 August 2026 placing agreement remain unchanged.
The placement remains subject to the satisfaction of all conditions stipulated in the amended agreement; there is no certainty that completion will occur. Shareholders and prospective investors are therefore advised to exercise caution when dealing in the company’s shares.
The board of Congyu Intelligent Agricultural currently comprises two executive directors—Chairman and Co-CEO Lin Yuhao and Yang Yan—and three independent non-executive directors: Zhu Rouxing, Li Yang and Fu Yan Ming.