Pacifico Considers Allotment of HK$104.27 per Share, with a Discount of approximately 6.90%, to Issue 73.8 Million New H-Shares and Raise Approximately HK$7.65 Billion

Pacifico (02359) has issued an announcement, and the board of directors is pleased to announce that it has entered into a share allotment agreement with the allotment agent on July 31, 2025. According to this agreement, Pacifico agrees to appoint the allotment agent as its representative, and the allotment agent agrees (individually) to purchase 73.8 million new H-shares at a price of HK$104.27 per share.

The number of shares allotted accounts for approximately 16.01% and 2.51% of the total issued H-shares and total outstanding shares, respectively (assuming all shares are fully subscribed by the allotment date, and excluding any changes to the total outstanding shares other than those resulting from the issuance of new shares). The price per share is HK$104.27, which represents a discount of approximately 6.90% compared to the closing price on July 30, 2025 (the last trading day before the allotment date), which was reported by the Hong Kong Stock Exchange as HK$112.00 per share.

The gross proceeds from the allotment (after deducting relevant costs and expenses, commissions, and transaction fees) are expected to be approximately HK$7.65 billion (calculated at a net price of approximately HK$103.62 per share). The funds will be used as follows: approximately 90% will be invested in accelerating global deployment and capacity construction; and approximately 10% will be used for general corporate purposes.