According to the Zhitong Finance App, Youjiao Innovation (02431.HK) announced that on July 22, 2026, the company plans to place up to 20132,400 new H shares, accounting for about 4.85% of the number of shares issued on the date of this announcement and about 4.63% of the number of issued shares expanded through allotment and issuance of placed shares. The placement price is HK$6.23 per placed share. Assuming that all of the shares placed are sold to the undertaker, the total proceeds from the placement are expected to total approximately HK$125 million, while the total net proceeds from the placement are expected to total approximately HK$122 million. The company plans to distribute the net proceeds from the placement in the following amounts and use it for the following purposes: (i) about 70% for the Group's unmanned vehicle and physical AI business development, including next-generation unmanned vehicle product research and development, physical intelligence and physical AI technology development, operation platform upgrades and implementation of strategic cooperation projects; (ii) about 30% to upgrade basic R&D platforms, including improving the efficiency of closed loop data systems, and efficiently empowering vehicle manufacturer solutions, unmanned vehicles and physical AI for the development of multiple product lines. The company plans to allocate the net proceeds from the placement for the proposed purposes described above in the next two years.

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