LEAPMOTOR (stock code: 09863) intends to issue 74.8322 million shares of domestic capital stock to FAW Group, raising 3.744 billion yuan.

LEAPMOTOR (09863) announced that on December 28, 2025, the company entered into a domestic stock subscription agreement with FAW Group. According to this agreement, the company has conditionally agreed to issue 74.8322 million shares of domestic stocks to FAW Group, equivalent to approximately 25.74% of the total number of domestic stocks issued by the company as of the date of this announcement and 20.47% after the expansion of the domestic stocks issued. The total number of shares issued by the Company as of the date of this announcement and after the expansion of the domestic stocks issued is approximately 5.26% and 5.00%, respectively. The subscription price for each share of domestic stock is RMB 50.03. The total amount raised from the domestic stock subscription will be RMB 3.744 billion, of which approximately 50% will be used for research and development investment, approximately 25% will be used to supplement operating funds and for general corporate purposes, and approximately 25% will be used to expand sales and service networks and enhance brand awareness.