SENSETIME-W(00020) plans to offer 1.75 billion new Class B shares, raising approximately HK$3.146 billion.

SENSETIME-W (00020) announced that on December 18, 2025, the company entered into a placing agreement with the placing agent. Pursuant to this, the placing agent has conditionally and individually agreed (as the company's placing agent) to use its best efforts to facilitate at least six placees to subscribe for 1.75 billion shares of placing shares at a placing price of HK$1.80 per share, representing a discount of approximately 8.63% to the closing price of class B shares on the last trading day and pricing date of December 17, 2025, which was HK$1.97 per share as reported on the Stock Exchange of Hong Kong. The placing shares under the placing will represent approximately 4.60% of the issued number of class B shares as of the date of this announcement and approximately 4.52% of the issued number of shares. Upon completion of the placing, assuming all placing shares are successfully placed, it is expected that the total proceeds and net proceeds from the placing will be approximately HK$3.15 billion and HK$3.146 billion respectively. The net proceeds from the placing will be mainly used for the following purposes: (i) 30% for supporting the development of the company's core business, including building an industry-leading AI cloud, expanding the scale of the company's AI infrastructure and increasing its domestic production ratio; (ii) 30% for supporting the research and development of generative AI, as well as the development and commercialization of derived products based on the company's multimodal large models; (iii) 20% for exploring the integration and practice of AI technology in innovative vertical fields, including but not limited to the implementation of AI in industries such as finance and education; (iv) 20% for the company's general working capital.