Z.ai prices H-share placement of up to 21,965,000 shares at HK$ 714 each

• Z.ai set a private placement of up to 21,965,000 new H shares at HKD 714 each under a general mandate.
• Deal size about HKD 15.68 billion gross; about HKD 15.66 billion net if fully placed; shares equal 4.72% of issued capital.
• Price implies a 9.96% discount to the prior close of HKD 793; 19.95% discount to the five-day average of HKD 891.9.
• Joint placing agents to place shares to at least six professional or institutional investors; no placee expected to become a substantial shareholder.
• Completion targeted for Sept. 16, 2026, subject to listing approval for the new shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Z.ai Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260913-12330383), on September 13, 2026, and is solely responsible for the information contained therein.