On December 28, 2025, Leapmotor entered into a domestic share subscription agreement with FAW Equity. As per the agreement, Leapmotor will issue 74,832,245 domestic shares to FAW Equity at a subscription price of RMB 50.03 per share (equivalent to HKD 55.29). This transaction will result in a total fundraising amount of RMB 3.74386 billion (approximately HKD 4.13750 billion). In terms of fund allocation, around 50% of the raised capital will be channeled into research and development (R&D) investment, which is crucial for Leapmotor to stay competitive in the rapidly evolving automotive market. Another 25% of the funds will be utilized to supplement working capital and cater to general corporate needs, ensuring smooth day-to-day operations. The remaining 25% will be earmarked for expanding sales and service networks, a strategic move to enhance market reach and customer accessibility. Additionally, these funds will contribute to boosting brand awareness, thereby strengthening Leapmotor's market position.