Ev Dynamics (Holdings) Limited — Share Issue/Capital Change 2026

Apr 24, 2026

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Ev Dynamics

Ev Dynamics (Holdings) Limited

科軒動力（控股）有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 476)

COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcements of Ev Dynamics (Holdings) Limited (the "Company") dated 16 April 2026 (the "Announcement") in relation to, amongst other matters, the Subscription under the General Mandate. Capitalised terms used in this announcement shall have the same meanings as defined in the Announcement unless otherwise stated.

COMPLETION OF THE SUBSCRIPTION

The Board is pleased to announce that all the conditions precedents set out in the Subscription Agreement have been fulfilled and the Subscription was completed on 24 April 2026 in accordance with the terms and conditions of the Subscription Agreement. 3,830,000 Subscription Shares, representing approximately $1.19\%$ of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares as at the date of this announcement immediately after completion of the Subscription, have been allotted and issued to the Subscriber at the Subscription Price of HK$0.512 per Subscription Share. The net proceeds from the Subscription of approximately HK$1.94 million will be applied in the manner as disclosed in the Announcement.

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EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company immediately before and after completion of the Subscription, are as follows:

	Shareholding immediately before completion of the Subscription		Shareholding immediately after completion of the Subscription
Shareholders	Number of Shares	Approximate %	Number of Shares	Approximate %
Total Honest Investment Limited (Note 1)	60,000,000	18.93	60,000,000	18.70
Entrust Limited (Note 2)	19,654,550	6.20	19,654,550	6.13
Public Shareholders
The Subscriber	--	--	3,830,000	1.19
Other public Shareholders	237,324,559	74.87	237,324,559	73.98
Total	316,979,109	100.00	320,809,109	100.00

Note:
1. Total Honest Investment Limited is wholly owned by Mr. Yan Zhang Yan, the executive director of the Company.
2. Entrust Limited is controlled as to 34% by Mr. Chan Tok Yu, 25% by Ms. Chan Hoi Ying (the chairman and the executive director of the Company), 25% by Mr. Chan Hin Yeung and 16% by Ms. Siu Kwan. Mr. Chan Tok Yu's interest is held by Ms. Siu Kwan as a trustee. Accordingly, Mr. Chan Tok Yu and Ms. Siu Kwan are deemed to be interested in the Shares in which Entrust Limited is interested by virtue of the SFO.
3. The percentage figures have been subject to rounding adjustments. Any discrepancies between totals and sums of amounts listed herein are due to rounding adjustments.

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By order of the Board
Ev Dynamics (Holdings) Limited
Chan Hoi Ying
Chairman and Executive Director

Hong Kong, 24 April 2026

As at the date of this announcement, the Board comprise three executive Directors, namely Ms. Chan Hoi Ying, Mr. Zeng Yan and Mr. Yan Zhang Yan, and four independent non-executive Directors, namely Mr. Chan Francis Ping Kuen, Mr. Chen Zhang Liang, Mr. Gong Dao Jun and Ms. Chiang Siu Ling, Samantha.

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