(1) Haizhi has announced a Global Offering of 28,030,200 H Shares, comprising 2,803,200 Shares under the Hong Kong Public Offering and 25,227,000 Shares under the International Offering, both subject to reallocation. The indicative Offer Price ranges from HK$25.60 to HK$28.00 per Share, with an anticipated net proceeds of approximately HK$648.4 million. Pending fulfillment of various conditions, the Company expects its H Shares to commence trading on the Hong Kong Stock Exchange on Friday, February 13, 2026.
(2) The Company positions itself as an industry-level AI solutions provider, focusing on knowledge-graph technologies, large language models (LLMs), and AI Agents capable of autonomous operations. It leverages data intelligence, graph-LLM integration, and advanced algorithmic frameworks to support enterprise digital transformation. Revenue arises primarily from project-based services, software deployments, and ongoing partnerships that deliver customized AI-driven solutions.
(3) Operating against the backdrop of a rapidly expanding global AI sector, Haizhi’s service offerings align with growing market demand for real-time data, deep learning applications, and intelligent decision-making tools. Industry data indicate that AI-related markets within China and globally have seen significant growth, aided by supportive government policies, escalating enterprise digitization, and continuous emphasis on research and development in the field of generative and knowledge-based AI.
(4) Haizhi’s recent financial disclosures underwent external review by KPMG, covering the years ended December 31, 2022, 2023, and 2024, as well as the nine months ended September 30, 2025. The Company has implemented internal control measures to meet regulatory requirements and to mitigate risks associated with data security and operational disruptions. While no specific revenue or profit figures appear in the released summary, the audited financial statements form part of the public offering documentation.
(5) Following completion of the Global Offering and share subdivision, non-Executive parties and the Single Largest Shareholders Group, including Mr. Ren and Mr. Yang, will collectively hold approximately 27.39% of the total enlarged share capital. No competing business interests outside the Company have been identified for these controlling shareholders. Haizhi affirms its ability to operate independently, supported by a balanced board composition and transparent governance processes. There is no separate disclosure of cornerstone investors or lock-up arrangements noted in the summarized materials.
(6) Of the estimated HK$648.4 million in net proceeds, about 45.0% will fund research and development to advance graph-LLM integration, 20.0% will be allocated to refining and expanding the Atlas AI Agent, 15.0% will go toward market and customer development (including investments in Hong Kong and Singapore), 10.0% will be reserved for strategic acquisitions, and the remaining 10.0% will serve as working capital and general corporate funding. Unused funds will be placed in short-term interest-bearing accounts, and any future reallocation will comply with applicable listing rules and disclosure standards.