INSPUR DIGI ENT (00596) plans to offer a discount of approximately 6.77% for the issuance of up to 67,634,000 shares for placement.

date
20:03 16/11/2025
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GMT Eight
Wave Digital Enterprises (00596) announced that on November 14, 2025, after the trading hours of the Stock Exchange...
INSPUR DIGI ENT (00596) announced that on November 14, 2025 (after the trading hours of the Stock Exchange), the placing agent entered into a placing agreement with the company to act as the company's agent. Under the terms and conditions of the placing agreement, the placing agent agrees to use its best efforts to procure not less than six placees (each of whom and their ultimate beneficial owners must be independent third parties) to subscribe for up to 67.634 million placing shares at a placing price of HK$7.30 per share. Assuming that the company's issued share capital remains unchanged from the date of this announcement until the completion of the placing, the maximum number of placing shares under the placing represents approximately 5.87% of the company's existing issued share capital as of the announcement date and approximately 5.54% of the company's enlarged issued share capital after the issue and placing of the placing shares. The placing price of HK$7.30 per share represents a discount of approximately 6.77% to the closing price of HK$7.83 per share on the last trading day of the Stock Exchange. If all placing shares are fully placed, it is estimated that the total proceeds and net proceeds (after deduction of placing commissions and all relevant expenses) of the placing will be approximately HK$493.73 million and HK$489.57 million respectively. Accordingly, the net issue price per placing share will be approximately HK$7.24. In response to the growing demand for AI support service platforms and solutions in the market, and in line with the group's "AI First" strategy, the group will increase its investment in the research and development of large-scale AI, aiming to apply AI technology in future software products and service engineering, and continuously strengthen its business development in the industrial software field. The group is committed to the development of the "Haiyue" large model, with the goal of engineering the "Haiyue" AI into enterprise software to provide AI solutions covering the entire industry chain, all business functions and processes. The board of directors believes that the placing will strengthen the group's financial base and expand the company's shareholder base, providing support for the group's strategic development.