Republic Power Group issued 25,000 Class B ordinary shares to True Sage International Limited, an affiliate controlled by Chairman Hao Feng Ng, for gross proceeds of $300,000 at a price of $12.00 per share. The transaction was approved by the Board on October 30, 2026, and is expected to close around November 5, 2026. Following the issuance, True Sage will beneficially own approximately 72.02% of the aggregate voting power of the Company's outstanding ordinary shares. Republic Power Group Limited operates in the power generation sector.
