Biren Technology had earlier announced its intention to issue new H shares under its general mandate. Presently, all stipulated conditions within the placement agreement have been duly fulfilled, with the settlement process slated for completion on October 12, 2026. The placing agent has efficiently allocated a total of 130 million shares to a minimum of six recipients, at a fixed price of HK$31.08 per share. These newly issued shares constitute roughly 9.54% of the pre-settlement issued H shares and about 5.00% of the company's total issued shares. The total gross proceeds from this share placement are estimated at approximately HK$4.04 billion, with net proceeds reaching around HK$4.02 billion. Following the settlement, the company's total issued shares will rise to 2.73 billion, its registered capital will be adjusted to RMB 54.6015 million, and the articles of association will be updated accordingly to reflect these changes.