DEEPEXI TECH (01384.HK): Placing of 14.29 Million New H Shares Completed, Net Proceeds of Approximately HKD 487.51 Million

NewTimeSpace News: On 17 August 2026, Deepexi Technology Co., Ltd. (stock code: 01384) announced that all conditions under the placing agreement had been satisfied and the placing was completed on the same day. An aggregate of 14,286,000 new H shares (representing approximately 4.095% of the total issued shares as enlarged immediately after completion of the placing) were successfully placed at the placing price of HKD 35.00 per H share to not less than six placees.

To the best of the directors' knowledge after making all reasonable enquiries, each placee and its ultimate beneficial owner is an independent third party, and no placee will become a substantial shareholder of the company immediately after completion of the placing. The gross proceeds and net proceeds (after deducting commissions and estimated expenses) from the placing amount to approximately HKD 500.01 million and HKD 487.51 million respectively.

The net proceeds will be applied to: further supporting technology iteration, research and development, product and service capability innovation and construction around enterprise AI employee infrastructure and Token productivity platforms, enhancing the performance, reliability, scalability and commercial application capabilities of AI-grade enterprise operating system platform products and solutions; prudently seeking potential strategic investment and acquisition opportunities synergistic with the group's principal business and development strategy; and supplementing working capital and for general corporate purposes.

In terms of shareholding structure, immediately before completion of the placing, H shares held by core connected persons totalled 104,843,400 (31.34%) and H shares held by other public shareholders totalled 229,730,600 (68.66%); after completion, placees hold 14,286,000 shares (4.10%), with the shareholdings of core connected persons and public shareholders diluted to 30.05% and 65.85% respectively. The public float after the placing is not less than 15% of the enlarged issued share capital (excluding treasury shares). As the placing was completed on 17 August 2026, the company's registered capital and total number of shares changed to RMB 348,860,000 and 348,860,000 shares respectively, with corresponding amendments to the articles of association taking effect from the closing date.

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