According to the subscription price, each share of the subscription shares will be priced at $1,588 Hong Kong dollars for the subscription of new H shares.

Zhipu announced on the Hong Kong Stock Exchange, the board of directors is pleased to announce that the Company has entered into a placing agreement with the exclusive placing agent before the trading session on July 9, 2026. According to the agreement, the Company has appointed the exclusive placing agent; the exclusive placing agent agrees to act as the Company's agent and will use its best efforts to facilitate at least six placees to subscribe for up to 19,780,000 new H shares at a placing price of HK$1,588.00 per share. The placing price for the shares is HK$1,588.00 per share. The closing price of the shares on the Hong Kong Stock Exchange on July 8, 2026 was about a 12.99% discount to HK$1,825.00 per share. Assuming that all the placing shares are fully placed to the placees, the total proceeds from the placing are expected to be approximately HK$31.41064 billion; after deducting placing commissions and related estimated expenses, the net proceeds from the placing are expected to be approximately HK$31.37495 billion.