C CARBONNEUTRAL (01372) has announced that on May 13, 2026, the company, as the issuer, entered into three subscription agreements with three subscribers for a total of 96.592 million subscription shares at a price of HK$0.80 per share. The total of 96.592 million subscription shares represents approximately 10.97% of the company's existing issued share capital as of the date of this announcement and about 9.88% of the company's issued share capital as enlarged by the allotment and issue of the subscription shares, assuming no change in the issued share capital from the date of this announcement to the completion date other than the issuance of the subscription shares. The total nominal value of the subscription shares will be HK$965,900. The subscription price of HK$0.80 per share represents a discount of approximately 15.79% to the closing price of HK$0.950 per share as quoted on the Stock Exchange on the date of the subscription agreements. The gross proceeds from the subscription will amount to HK$77.2736 million. After deducting all applicable costs and expenses related to the subscription, the net proceeds are expected to be approximately HK$77.27 million, with a net issue price of HK$0.80 per subscription share. The group intends to use the net proceeds from the subscription as follows: approximately HK$38.635 million, representing about 50% of the net proceeds, will be allocated to the group's general working capital, including salaries and benefits (50%) and business expansion expenses (50%); and approximately HK$38.635 million, also representing about 50% of the net proceeds, will be used for debt repayment.