EB Environment (00257) announced that on November 6, 2026, the board approved a proposed issuance of RMB shares, a special mandate, and related matters.

As of the date of this announcement, the proposed issuance of RMB shares is subject to and conditional upon, among other things, shareholder approval at a general meeting and necessary regulatory approvals before it can proceed.

The company proposes an initial issuance of no more than 800 million RMB shares, representing approximately 13.02% of the company's issued share capital as of the date of this announcement, and approximately 11.52% of the company's enlarged issued share capital after completion of the proposed issuance of RMB shares.

The company and the lead underwriter may exercise an over-allotment option to over-allot up to 15% of the initial size of the proposed issuance of RMB shares.

On November 6, 2026, the company entered into a sponsorship and underwriting agreement with Everbright Securities, pursuant to which, among other things, the company has appointed Everbright Securities as one of the lead underwriters and sponsors for the proposed issuance of RMB shares.