DEEPEXI TECH (01384) plans to discount approximately 19.78% of the placement of 7.942 million new H shares, raising approximately HK$395 million net.

DEEPEXI TECH (01384) announced that on May 21, 2026 (before the trading hours of the Stock Exchange), the company entered into a placing agreement with the placing agent. As per the agreement, the company has conditionally agreed to appoint the placing agent to act as its agent and the placing agent has conditionally agreed to use its best efforts to procure not less than six independent placees to subscribe for 7.942 million new H shares at a placing price of HK$50.58 per H share. The placing shares represent approximately 2.431% of the total number of issued shares as of the date of this announcement, and approximately 2.374% of the total number of issued shares after the issue and placing of the placing shares (assuming no changes in the total number of issued shares from the date of this announcement to the settlement date, excluding the issue and placing of the placing shares). The total face value of the placing shares under the placing will be RMB 79.42 million. The placing price of HK$50.58 per H share represents a discount of approximately 19.78% to the HK$63.05 per H share closing price reported on the Stock Exchange on May 20, 2026 (the last trading day). If all placing shares are fully subscribed, the expected total proceeds and net proceeds (after deduction of commissions and estimated expenses) of the placing will be approximately HK$401.7 million and approximately HK$395 million, respectively. Based on this, the net issue price per placing share will be approximately HK$49.73.