According to Smart Spectrum's announcement, the company previously disclosed that it plans to place up to 1.78 million new H shares, and the placement has now been completed on July 13, 2026. A total of 1.78 million new H shares were distributed and issued to no less than 6 undertakers at the placement price of HK$1,588 per share, accounting for approximately 4.25% of the total number of H shares already issued after expansion. The total proceeds from the placement process are approximately HK$31,411 billion, and the net proceeds are approximately HK$31.375 billion. It is intended to be used for general artificial intelligence research and development, business development and capital structure optimization.

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