SENSETIME-W(00020) plans to issue approximately 1.667 billion new Class B shares to Infinity Capital, raising approximately HK$2.498 billion to further consolidate its leading position in the field of generative artificial intelligence.

SENSETIME-W(00020) announced that on July 23, 2025, the company entered into a subscription agreement with the subscriber (Boundless Capital Management Limited) and a placement agreement with the placement agent regarding the subscription matters. Accordingly, the company intends to issue a total of 1,666,667,000 new Class B shares to the subscriber at a subscription price of HK$1.50 per share, representing a discount of approximately 6.25% to the closing price of HK$1.60 per share of Class B shares on the Hong Kong Stock Exchange on July 23, 2025, with a total consideration of approximately HK$25 billion. The net proceeds from the subscription amount to approximately HK$24.98 billion, with 30% to be used to support the company's core business development, including building an industry-leading AI cloud, expanding the scale and scene coverage of the company's AI infrastructure, Sensetime Grand Platform; 30% to support the research and development of generative artificial intelligence, as well as the development and implementation of derivative products based on the company's multimodal large models, focusing on promoting the commercial applications in vertical scenarios such as intelligent hardware; 20% to explore the technical integration and practice of artificial intelligence in innovative vertical fields, including but not limited to independently or in collaboration with strategic partners engaging in smart intelligence Siasun Robot & Automation, blockchain, real-world assets (RWA), digital assets, stablecoins, and obtaining relevant qualifications, and expanding the application of artificial intelligence large models in digital finance in risk control and settlement; 20% for general operating expenses of the company. The directors believe that the subscription will provide the group with an excellent opportunity for additional fundraising, bring long-term development benefits, further consolidate the company's position in the leading generative artificial intelligence field, enhance the market penetration rate of this technology, seize potential opportunities in innovative fields, and improve the financial stability of the company. It is reported that the subscriber is headquartered in Hong Kong and Abu Dhabi, and is licensed by the Securities and Futures Commission and the Abu Dhabi Global Market Financial Services Regulatory Authority. The subscriber is wholly owned by a holding company in the Cayman Islands, Infini Capital Global, with the ultimate beneficial owner being Tony Chin, the founder and investment director of the subscriber.