NIO-SW(09866): The public offering price for each American Depositary Share is $5.57.

NIO-SW (09866) announced that the company has priced a $1 billion issuance, involving a total of 182 million shares of the company's Class A common stock (equity issuance), including the issuance of American Depositary Shares, where each ADS represents one share of the company's Class A common stock (ADS issuance), and the issuance of the company's Class A common stock. The ADS were priced at $5.57 per ADS for public offering. The Class A common stock was priced at HK$43.36 per share for issuance. The company expects the ADS issuance to settle around September 11, 2025, and the common stock issuance to settle around September 17, 2025, subject to customary settlement conditions. Additionally, the company has granted the underwriters of the equity issuance an option to purchase up to an additional 27.27 million shares of ADS within a 30-day period (ADS additional share option), which, if exercised, will be settled in ADS only. The company plans to use the net proceeds from the equity issuance for investing in the research and development of core technology for smart electric vehicles, developing future technology platforms and models under its brand, expanding charging and battery swap networks, further strengthening its balance sheet, and for general corporate purposes.