BOSS ZHIPIN-W (02076) plans to carry out a share offering to further enhance financial flexibility, broaden shareholder base, and increase share liquidity.

BOSS ZHIPIN-W (02076) announced that the company intends to conduct a share sale including: (a) Public offering in Hong Kong: 3 million shares to be initially offered for sale, with the possibility of redistribution depending on the exercise of rights to adjust the offering amount. The Hong Kong offering represents approximately 10% of the initial offering shares; 0.3% of the total shares issued and outstanding on the last practicable date; and 0.3% of the total shares issued and outstanding after the initial offering (subject to certain assumptions). The maximum offering price per share in Hong Kong will be HK$78.00. (b) International offering: 27 million shares to be initially offered for sale, with the possibility of redistribution depending on the exercise of rights to adjust the offering amount. The international offering represents approximately 90% of the initial offering shares; 2.9% of the total shares issued and outstanding on the last practicable date; and 2.9% of the total shares issued and outstanding after the initial offering (subject to certain assumptions). The international offering will be conducted in accordance with the terms of the international underwriting agreement. Based on the maximum offering price of HK$78.00 per share and the initial number of shares offered for sale, the net price per share is calculated as HK$75.38, and the net proceeds from the share sale are expected to be approximately HK$2.261 billion (equivalent to approximately US$288 million) (calculated after deducting estimated underwriting fees and other payable expenses at an exchange rate of US$1.00 to HK$7.8499). The share sale aims to further strengthen the company's financial flexibility, broaden its shareholder base, increase the liquidity of its shares, and support the group's stable and sustainable development. The net proceeds from the share sale are expected to be used for: investing in technology and related infrastructure; developing new businesses; potentially generating synergies with the group's existing operations; supporting strategic acquisitions or investment opportunities in line with our growth strategy; operating capital; and general corporate purposes such as talent recruitment and retention, as well as other administrative expenses to support business operations. Further details will be provided in the offering circular.