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On July 2, 2026 (post-market close), Xunce disclosed in an announcement that it had entered into a share placement agreement with placing agents, agreeing to issue shares at a price of HKD 107.70 per share. Should all shares be successfully placed, the anticipated total gross proceeds from this placement are estimated to be around HKD 784 million, with a net amount of approximately HKD 771 million after deducting relevant expenses. Xunce intends to allocate these funds towards enhancing the development of its full-link AI data infrastructure, accelerating the rollout of cross-industry commercialization and scalable solutions, expanding into overseas markets via a customer-centric internationalization approach, as well as for working capital needs and general corporate expenditures.
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