According to the Zhitong Finance App, Jiami Technology (08198.HK) issued an announcement. On July 31, 2026, the company plans to place up to 666.67 million placed shares, which is equivalent to about 9.29% of the total number of issued shares at the date of this announcement; and about 8.50% of the total number of issued shares after all allotments and issuance of placed shares expanded. The placement price was HK$1.50 per share, a discount of approximately 10.71% from the closing price of HK$1.68 per share on July 31. After completion, it is anticipated that the maximum amount of proceeds from the placement transaction and the maximum net proceeds will be approximately HK$100 million and approximately HK$97 million respectively. The company plans to use the net proceeds from the placement as follows: (i) expanding the Group's big data center business into the field of artificial intelligence-related facilities; (ii) developing computing power services; (iii) research and development; and (iv) general working capital.

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