According to the Zhitong Finance App, Bijiao Technology (06082) announced that on October 8, 2026, the company signed a placement agreement with the placement agent to issue 130 million new H shares through the placement agent, with a placement price of HK$31.08 per H share. The total amount raised is about HK$4,04.4 billion, with a net amount of about HK$4,019.7 billion.
According to the announcement, about 70.0% of the net proceeds from the placement will be used for strategic supply chain procurement, production preparation and commercialization of the company's next-generation products, about 20.0% will be used to further enhance R&D capabilities and software ecosystems, and approximately 10.0% will be used for working capital and general corporate purposes.
The Board believes that the Group has now reached a critical inflection point in development and is committed to seizing immediate industry opportunities with speed and certainty. In this industry, capital size, supply chain certainty, and speed of iteration together form a decisive competitive advantage. As a result, the board of directors believes that the placement matter is prudent and timely, and conforms to the interests of the Group and its shareholders. This move will provide financial support for growing and accelerating business needs, reduce the risk of delays in entering the market due to supply restrictions, and help the Group transform product development results into commercial revenue in a timely manner during the critical window period of the domestic AI computing power market. Obtaining additional special working capital will enable the Group to lock in key upstream production capacity, shorten product launch times, speed up customer verification cycles, and quickly transform technology leadership into large-scale commercial benefits, while providing sufficient capital reserves to accelerate the iterative upgrading of subsequent product roadmaps.