DEEPZERO Proposes Deployment of RMB400.00 Million Idle IPO Proceeds into 12-Month Wealth Management

Bulletin Express
07/14

Beijing DeepZero Technology Co., Ltd. (DEEPZERO) plans to enhance capital efficiency by allocating up to RMB400.00 million of temporarily idle proceeds from its May 2026 global offering into short-term wealth management products.

The board approved the proposal on 14 July 2026. Key parameters include: • Source of funds: part of the HK$465.10 million net proceeds raised at listing. • Investment cap: RMB400.00 million, to be used on a rolling basis. • Tenor and risk profile: products must mature within 12 months, offer high security and liquidity, and be purchased from licensed financial institutions. • Investment window: 12 months starting from the date the measure is approved at the company’s first extraordinary general meeting in 2026.

Management stated that the initiative will not affect the original deployment of IPO proceeds or normal operations. Should any purchase meet the thresholds for a notifiable or connected transaction under Hong Kong’s Listing Rules, DEEPZERO will fulfil the requisite disclosure and approval procedures.

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