UNISOUND (09678) has announced that on May 28, 2026 (before trading hours on the Stock Exchange), the company entered into a placement agreement with a placing agent. Under this agreement, the company will allot and issue, and the placing agent will, as the company's agent, use its best efforts to procure no fewer than six independent placees to subscribe for 1.7 million new H shares at a placing price of HK$228.00 per H share.

The placement shares represent approximately 3.92% of the total issued H shares and approximately 2.33% of the total issued shares as of the date of this announcement. Upon completion of the placement, these shares will represent approximately 3.77% of the enlarged H share capital and approximately 2.28% of the total enlarged issued share capital (assuming no changes to the company's issued share capital from the date of this announcement until the completion date, aside from the allotment and issuance of the placement shares). The total par value of the placement shares will be RMB 1.7 million.

The placing price of HK$228.00 per H share represents a discount of approximately 19.89% compared to the closing price of HK$284.60 per H share on the Stock Exchange on May 27, 2026, which was the last trading day and the date for determining the placing price.

Assuming all placement shares are fully subscribed, the gross proceeds from the placement are expected to be approximately HK$388 million, with net proceeds (after deducting commissions and estimated expenses) expected to be approximately HK$381 million. On this basis, the net issue price per placement share will be approximately HK$224.37.

The net proceeds from the placement are expected to be fully utilized by June 30, 2028, and will be allocated for the following purposes: (i) training the new-generation "U-Series" agent-native multimodal foundation large model; (ii) building a global large model token factory and deploying token overseas business; and (iii) sales promotion and market deployment.