UBTECH: Plans to place new H shares at a discount of approximately 9%, raising about HKD 2.41 billion.

Jin10 data reported on July 22 that UBTECH (09880.HK) announced this morning that on the 22nd of the month (before the trading session of the Hong Kong Stock Exchange), the company entered into a placement agreement with the placing agent. According to this, the company has agreed to appoint the placing agent, and the placing agent has agreed to act as the company's agent on a best efforts basis, individually (but not jointly or jointly and individually) to facilitate subscribers to subscribe for a total of 30,155,450 new H shares at the placing price according to the terms set out in the placement agreement and within its conditions. The placing price is HKD 82.00 per H share, which is approximately a 9.14% discount to the latest closing price; the net proceeds from the placement are approximately HKD 2.41 billion.