Lingyun Guang (688400.SH) subsidiary intends to subscribe for the initial public offering of shares in Zhipu on the Hong Kong Stock Exchange as a cornerstone investor.

The Zhixin Finance APP reported that Lingyun Guang (688400.SH) announced that its wholly-owned subsidiary, Lingyun Guang Technology International Limited (referred to as "Lingyun Guang International"), intends to subscribe as a cornerstone investor for the initial public offering of shares of Beijing Zhipu Huazhang Technology Co., Ltd. (referred to as "Zhipu") on the Hong Kong Stock Exchange, with an expected subscription amount of no more than 5 million US dollars.