Beijing Xunzhong Communication plans HK$315.56 million H-share placement at HK$28.2 each

• Beijing Xunzhong Communication Technology plans a placing of 11,190,000 new H shares at HK$ 28.2 each under a general mandate.
• Deal size implies gross proceeds of about HK$ 315.56 million; net proceeds estimated at about HK$ 313.64 million.
• Placing price is a 19.43% discount to the Sept. 9 close of HK$ 35; shares equal 9.19% of issued stock.
• Funds earmarked mainly for a new computing power operation services business, including infrastructure buildout, R&D, third-party capacity procurement.
• Winbull Securities International (Hong Kong) is sole overall coordinator; completion hinges on listing approval for the new shares by Sept. 18.

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. Beijing Xunzhong Communication Technology 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-20260910-12326768), on September 09, 2026, and is solely responsible for the information contained therein.