51WORLD (06651) plans to offer a discount of approximately 12.0% to issue 5.4656 million shares for a net fundraising of approximately 395 million Hong Kong dollars.

51WORLD (06651) announces that, on July 3, 2026 (before the trading period), the company has entered into a placement agreement with the placement agents. According to this agreement, each placement agent has conditionally agreed to act as the company's agent and use their best efforts to encourage no fewer than six placees to purchase 5.4656 million shares of placement shares at a placement price of HK$73.20 per share. To the best of the directors' knowledge, information and belief, the placees and their ultimate beneficial owners are currently or will be independent professionals, institutions, and/or other investors. The placement shares represent approximately 1.4% of the total number of H shares already issued (i.e. 395 million H shares) and approximately 1.3% of the total number of shares already issued as of the date of this announcement. The placement shares represent approximately 1.4% and 1.3% of the total number of H shares already issued and the total number of shares already issued after the placement shares are issued (assuming no other changes in the company's issued share capital from the date of this announcement to the completion of the placement). The placement price of HK$73.20 per share represents a discount of approximately 12.0% compared to the closing market price of H shares on the Hong Kong Stock Exchange of HK$83.15 per share on July 2, 2026. Assuming all placement shares are fully placed, it is estimated that the total proceeds from the placement will be approximately HK$400 million, with an estimated net proceeds (after deducting commissions and estimated expenses) of approximately HK$395 million. The company intends to use the net proceeds from the placement for the following purposes, corresponding to the key areas of the group's business development plans: (i) Infrastructure development for physical AI factories, including the construction of high-density GPU computing clusters, physical AI data storage and management infrastructure, and the development of a unified scheduling and billing platform for physical AI factories. In the first half of 2026, the group made significant progress in the construction of the computing base for physical AI factories. The next generation of intelligent driving and Siasun Robot&Automation simulation platform SimOne4.0 is compatible with domestic and international mainstream GPU and computing platforms, covering the entire process of large-scale perception mining, 4DGS model training, 4DGS simulation reasoning, and synthetic data generation, and has been adapted and deeply optimized on mainstream computing architectures, thus achieving a high degree of confidence in simulation and synthetic data generation in end-to-end, VLA, and world model technologies. This bidirectional positioning between domestic and foreign computing power enables the group to fully utilize its performance while maintaining platform neutrality and self-control. At the same time, the group has initiated preliminary discussions with potential partners in the hardware infrastructure value chain to jointly build a unified computing ecosystem for physical AI. (ii) Development of the 51WORLD MODEL world model, including upgrading the capabilities of the world model base and expanding scene coverage while enhancing the multimodal fusion capabilities of the world model. In the first half of 2026, the group launched the physical intuition world model "51WORLD MODEL" and made significant progress in research and development. Based on the group's independently developed 4D Gaussian splatter (4DGS) technology, the world model's basic capabilities have been upgraded, and the coverage of scenes expanded, enhancing multimodal fusion to generate highly realistic, interactive, and physically consistent 3D/4D worlds. The improvement in the capabilities of the world model provides a unified data and simulation base for training and validation in multiple technologies such as end-to-end, VLA, and world models, supporting the group's applications in intelligent driving and embodied intelligence in downstream areas. (iii) Scaling up the deployment of embodied intelligence, such as scaling up the operation of the AperData embodied intelligence data platform and building the AperOne "digital twin pre-learning" platform. In the first half of 2026, the group accelerated the commercial deployment and deployment of embodied intelligence and has developed a product matrix consisting of 51Sim (synthetic data and simulation platform), 51Claw (embodied intelligence base system), AperData (embodied intelligence data training ground), and Clonova (space intelligence platform). Among them, "51Claw," combined with the group's open-source "OpenClaw," is built as an agent base system specifically for embodied intelligence, bridging the complete loop from environment collection, concurrent simulation, to reinforcement learning evolution and Sim2Real real-world deployment. As a representative case, in response to the trial launched by the National Mine Safety Supervision Bureau and the Ministry of Industry and Information Technology in May 2026, the group completed embodied intelligence training scenarios for mines (especially underground mines, covering excavation, inspection, rescue, etc.) to transform underground verification from "uncontrollable" to controllable, reproducible, and iterative; the methodology has also been extended to smart ports and Jiangsu Nonghua Intelligent Agriculture Technology, among other scenarios. With a foundation of over 1,400 corporate customers, the group expects to assist nearly a hundred customers in achieving deployment applications of embodied intelligence at the thousand-unit level in scenes such as buildings, parks, industries, energy, transportation, and emergency safety in the year.