Leapmotor (09863.HK): Issues 74.832 Million Domestic Shares to FAW Equity, Raising Approximately RMB3.74 Billion

NewTimeSpace · 2025/12/30 16:22 · By Xuran Lin

Zhejiang Leapmotor Technology Co., Ltd. (09863.HK) announced on the 29th that on December 28, 2025, it entered into a domestic share subscription agreement with FAW Equity. Pursuant to the agreement, the company intends to issue 74,832,245 domestic shares to FAW Equity at a subscription price of RMB50.03 per share (equivalent to approximately HK$55.29 per share), raising a total of approximately RMB3.744 billion. The proceeds will be mainly used for R&D investment, supplementing working capital, and expanding the sales network.

In an announcement released on the 29th, Zhejiang Leapmotor Technology Co., Ltd. (09863.HK) stated that on December 28, 2025, the company signed a domestic share subscription agreement with FAW Equity, planning to issue 74,832,245 domestic shares to the latter. The subscription price per share is RMB50.03 (equivalent to approximately HK$55.29), representing a premium over the closing price of the company’s H shares of HK$49.94 on the last trading day before the agreement was signed.

The total proceeds from this issuance are approximately RMB3.744 billion (equivalent to around HK$4.138 billion), of which about 50% will be used for R&D investment, approximately 25% for supplementing working capital and general corporate purposes, and the remaining 25% for expanding the sales and service network and enhancing brand awareness.

Upon completion of the issuance, FAW Equity will hold approximately 20.47% of the company’s enlarged total domestic shares and about 5.00% of the company’s total share capital. The issuance will be conducted pursuant to the company’s general mandate and does not require further approval from the general meeting of shareholders, but is still subject to the approval of regulatory authorities such as the China Securities Regulatory Commission (CSRC).

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Leapmotor 09863.HK Fundraising