WuXi AppTec (02359) plans to offer a discount of approximately 6.90% on the placement of 73.8 million new H shares, raising approximately HK$7.65 billion.

WuXi AppTec (02359) announced that the Board of Directors is pleased to announce that on July 31, 2025, the Company entered into a placing agreement with the placing agents. Under this agreement, the Company agreed to appoint the placing agents and the placing agents agreed (not jointly, nor jointly and severally) to act as agents for the Company and use their best efforts to encourage the subscribers to subscribe for a total of 73.8 million new H shares at a placing price per share. The number of placing shares represents approximately 16.01% and 2.51% of the total number of issued H shares and issued shares, respectively, after the completion of the placing of shares. The placing price per share is HK$104.27 compared to the closing market price of H shares on the Hong Kong Stock Exchange on July 30, 2025 (i.e. the last trading day before the placing agreement date) of HK$112.00 per share, representing a discount of approximately 6.90%. The net proceeds from the placing (after deducting related costs and expenses, commissions, and transaction fees) are expected to be approximately HK$7.65 billion (calculated at a net price per placing share of approximately HK$103.62), and will be used as follows: approximately 90% will be used to accelerate global expansion and capacity building, and approximately 10% will be used for general corporate purposes.