UBS: plans to offer approximately 9.14% discount on the subscription of new H shares, raising a net of approximately HK$2.41 billion.

On the morning of July 22, UBTECH announced on the Hong Kong Stock Exchange that on July 22, 2025, the company entered into a placing agreement with the placing agent, pursuant to which the company agreed to appoint the placing agent, and the placing agent agreed to use its best efforts to act as the agent of the company to facilitate the subscription of a total of 301.55450 million new H shares by subscribers at the placing price of HK$82.00 per share, representing a discount of approximately 9.14% to the closing price reported on the Stock Exchange of Hong Kong on July 21, 2025. After deducting relevant expenses and fees, the company estimates that it will receive a total income of approximately HK$24.7275 billion and a net income of approximately HK$24.1026 billion from the placing. The company plans to use the net proceeds from the placing for the operation and development of the group's business and to repay amounts under credit facilities provided by financial institutions to the group companies.