Recently, Hainan Drinda New Energy Technology Co., Ltd. ("Drinda New Energy"; Stock Code: 2865.HK) announced a placing of new shares, with Patrons Financial Group acting as the Placing Agent. The company plans to place up to 18.682 million H shares at a price of HK$22.00 per share, representing a discount of approximately 1.08% to the closing price on January 21. The placing is expected to raise gross proceeds of approximately HK$411 million, with net proceeds of approximately HK$398 million.