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InnoScience (Suzhou) Technology Holding Co., Ltd. (Stock Code: 2577) confirmed the completion of a placing of 20,700,000 new H Shares under a General Mandate on October 17, 2025. These shares, representing approximately 3.94% of the company’s H Shares in issue and about 2.26% of the total share capital after completion, were placed at HK$75.58 per share to not fewer than six independent placees. None of the placees became a substantial shareholder of the company upon transaction closure.

The net proceeds from the placing, approximately HK$1,550.425 million after commissions and expenses, are earmarked for capacity expansion (31%), repayment of interest-bearing liabilities (24%), and working capital plus general corporate purposes (45%). Within that allocation, around 13% of the total will be used for salaries, insurance, and other human resources expenditures, 19% for payments to module processing suppliers and service providers, and 13% for potential domestic and foreign investments in power semiconductor–related businesses.

The company’s previous equity fundraising activities include a global offering that concluded in December 2024, yielding net proceeds of about HK$1,351.96 million, and a placement completed in July 2025, generating net proceeds of approximately HK$543.55 million. The current raised funds will be managed through short-term deposits in licensed institutions, consistent with foreign exchange regulations.

Following the completion of this new placement, InnoScience (Suzhou) Technology Holding Co., Ltd. amended its registered capital and articles of association. The registered capital is now RMB915,100,653 with a corresponding total of 915,100,653 issued shares. The updated articles of association have been filed with relevant authorities, and the full text is available on the Stock Exchange and company websites.