Junze: Intends to allocate 771 million Hong Kong dollars from the issuance of new H shares to strengthen the full-chain AI data infrastructure, etc.

In the morning of July 3, Xunce announced on the Hong Kong Stock Exchange that on July 2, 2026, the company entered into a placement agreement with the placement agent agreeing to place the shares at 107.70 Hong Kong dollars per share. Assuming all the placed shares are fully allocated, the total expected proceeds from the placement is approximately 784 million Hong Kong dollars, with a net expected total of approximately 771 million Hong Kong dollars. The company plans to use the proceeds from the placement to strengthen the full-chain AI data infrastructure, expand the deployment of cross-industry commercialization and scalable solutions, expand overseas deployment through customer-oriented internationalization strategy, and for working capital and general corporate purposes. On July 2, 2026, the company entered into a subscription agreement with the underwriter, agreeing to issue bonds totaling RMB 1.36 billion, with the underwriter agreeing to individually subscribe and pay for the principal.