Tianshu Zhixin (09903) completed the placement of 148.57 million shares with a net raise of approximately HK$7.335 billion

Zhitong Finance App News, Tianshu Zhixin (09903) issued an announcement. All conditions under the placement agreement have been met, and the placement was completed on July 13, 2026. A total of 148.57 million new H shares have been successfully placed to no less than six undertakers at the placement price of HK$476.00 per H share in accordance with the terms set out in the placement agreement and subject to its terms and conditions. The total proceeds from the placement and the net proceeds were approximately HK$7.071.9 billion and approximately HK$7.333.5 billion respectively.

The net proceeds from the placement are intended to be used for the following purposes: (i) 60% will be used for strategic supply chain resilience and procurement planning for key materials and components; (ii) 15% will be used to accelerate product iteration and engineering verification of existing products, and accelerate the development and commercialization process of next-generation products; (iii) 10% will be used to enhance full-stack software platforms, model adaptation and developer ecosystems, and expand AI computing power solutions based on specific scenarios in key industries; (iv) 10% will be used for selective strategic investments and acquisitions; (v) 5% will be used for working capital and general Business use.