NUOBIKAN (02635.HK): Placing of 16.49m New H Shares at HK$8.19 to Raise Net HK$131.5m

NewTimeSpace News: On 29 September 2026 (before trading hours), Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. (stock code: 02635) announced that it entered into a placing agreement with the placing agents Guotai Junan Securities (Hong Kong) Limited and Tianze Securities Limited, under which the placing agents conditionally agreed to procure not fewer than six placees, whose ultimate beneficial owners are independent third parties, to subscribe for 16,488,500 new H shares at HK$8.19 per share.

The placing shares represent approximately 5.42% of the existing issued H shares and 4.35% of the existing issued shares (excluding treasury shares) as at the announcement date, and approximately 5.14% and 4.17% respectively of the enlarged issued H shares and issued shares following allotment and issue of the placing shares; the aggregate nominal value is RMB1,648,850. The placing price represents a discount of approximately 13.61% to the closing price of HK$9.48 on the last trading day (28 September 2026) and approximately 18.33% to the average closing price of approximately HK$10.03 over the last five consecutive trading days.

Gross proceeds from the placing are approximately HK$135.04 million and, after deducting the placing commission and other related costs and expenses, net proceeds are estimated at approximately HK$131.47 million, representing a net issue price of approximately HK$7.97 per placing share. The net proceeds will be applied as follows: about 40.0% for R&D on core AI operation and maintenance technologies for large-scale infrastructure industries; about 20.0% for overseas business expansion, including establishing overseas subsidiaries and participating in Belt and Road rail transit operation and maintenance projects and smart airport projects in the Middle East and Asia; about 20.0% for potential acquisitions of industry targets engaged in basic computing power, AI models and AI applications for airport operations and the chemical industry; and about 20.0% as additional working capital.

The placing shares will be allotted and issued under the general mandate granted to the board at the annual general meeting held on 28 May 2026, under which up to 75,733,200 H shares may be issued, and no shareholders' approval is required. Completion is subject to conditions, including listing approval, being fulfilled or waived on or before 4:00 p.m. on 16 October 2026, with completion taking place on 16 October 2026. The Company will complete the CSRC filing after completion in accordance with the applicable rules, and has undertaken to the placing agents not to dispose of shares for 45 days from the date of the placing agreement until after the completion date.

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