BIREN TECH (06082) plans to issue 130 million new H shares to raise approximately HK$4.0197 billion net.

BIREN TECH (06082) announced that on October 8, 2026, the Company entered into a placing agreement with the placing agent to issue 130 million new H shares through the placing agent at a placing price of HK$31.08 per H share, raising gross proceeds of approximately HK$4.0404 billion and net proceeds of approximately HK$4.0197 billion. The announcement stated that approximately 70.0% of the net proceeds from the placing will be used for strategic supply chain procurement, production preparation, and commercialization of the Company's next-generation products, approximately 20.0% will be used to further enhance research and development capabilities and the software ecosystem, and approximately 10.0% will be used for working capital and general corporate purposes. The Board believes that the Group has now reached a critical inflection point in its development and is committed to seizing the industry opportunities at hand with speed and certainty. In this industry, capital scale, supply chain certainty, and iteration speed together constitute decisive competitive advantages. The Board therefore considers the placing to be a prudent and timely move that is in the interests of the Group and its shareholders. It will provide funding support for the accelerated business needs of CKH HOLDINGS, reduce the risk of delays in market entry due to supply constraints, and help the Group convert product R&D achievements into commercial revenue in a timely manner during the critical window of the domestic AI computing power market. Obtaining additional dedicated working capital will enable the Group to lock in key upstream production capacity, shorten product time-to-market, accelerate customer validation cycles, and rapidly translate technological leadership into scalable commercial returns, while also providing sufficient capital reserves to accelerate the iterative upgrading of its subsequent product roadmap.