DEEPEXI TECH (01384.HK): Proposed Placing of 14,286,000 New H Shares at HKD 35.00 Per Share, Raising Approximately HKD 487.51 Million Net

NewTimeSpace News: On 13 August 2026 (before trading hours of the Stock Exchange), Deepexi Technology Co., Ltd. (stock code: 01384) announced that the Company entered into a placing agreement with the placing agents, pursuant to which the Company conditionally agreed to appoint the placing agents to use best endeavours to procure no fewer than six independent placees to subscribe for 14,286,000 new H shares at a placing price of HKD 35.00 per H share.

According to the announcement, the placing shares represent approximately 4.270% of the total issued shares as of the date of the announcement and approximately 4.095% of the enlarged issued shares, with an aggregate nominal value of RMB 14,286,000. The placing price of HKD 35.00 per share represents a discount of approximately 3.74% to the closing price of HKD 36.36 per share on 12 August 2026 (the last trading day), and approximately 3.06% to the average closing price of HKD 36.104 per share for the last five consecutive trading days. Assuming all placing shares are fully placed, the gross proceeds and net proceeds (after deducting commission and estimated expenses) of the placing are expected to be approximately HKD 500.01 million and HKD 487.51 million respectively, with a net issue price of approximately HKD 34.125 per placing share.

The net proceeds of the placing will be used: (i) approximately 70% to further support technology iteration, R&D, product and service capability innovation and construction centred on the enterprise AI employee infrastructure and Token productivity platform, including the procurement of cloud services and computing resources and the recruitment and retention of R&D personnel; (ii) approximately 20% to prudently pursue strategic investment and acquisition opportunities with synergies with the Group's principal business and development strategy; and (iii) approximately 10% to replenish working capital and for general corporate purposes. The net proceeds of the placing are expected to be fully utilised by 31 December 2028. The placing shares will be issued under the general mandate without further shareholders' approval, and the Company will apply to the Stock Exchange for approval of the listing and trading of the placing shares.

The placing agents include CLSA Limited, China Industrial Securities International Capital Limited, Somerley Capital Limited and Tin Chak Securities Limited. As the completion of the placing is subject to the satisfaction of certain conditions precedent under the placing agreement, the placing may not proceed. Previously, the Company completed a placing of an aggregate of 7,942,000 H shares under the general mandate on 28 May 2026 (at a placing price of HKD 50.58 per share), and its global offering of 26,632,000 H shares was listed on 28 October 2025 (at an offer price of HKD 26.66 per share).

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