INSPUR DIGI ENT (00596) announced that on November 14, 2025 (after trading hours on the Hong Kong Stock Exchange), the company entered into a placement agreement with a placing agent. Under the terms of the agreement, the agent will act on behalf of the company to place up to 67.63 million shares at HK$7.30 per share to no fewer than six independent third-party investors.

Assuming no changes in the company’s issued share capital from the announcement date to the completion of the placement, the maximum number of placement shares represents approximately 5.87% of the existing issued share capital and about 5.54% of the enlarged share capital post-placement.

The placement price of HK$7.30 per share represents a discount of approximately 6.77% to the closing price of HK$7.83 per share on the last trading day. If all placement shares are fully subscribed, the gross proceeds are expected to be around HK$493.73 million, with net proceeds (after deducting commissions and related expenses) estimated at HK$489.57 million. The net issue price per share would be approximately HK$7.24.

Aligned with its "AI First" strategy and in response to growing market demand for AI-powered platforms and solutions, the company plans to increase R&D investments in large-scale AI technologies. The goal is to integrate AI into future software products and services while strengthening its industrial software business.

The company is committed to developing its "Haiyue" AI model, aiming to industrialize AI-native enterprise software and deliver comprehensive AI solutions across the entire industrial chain, business functions, and processes.

The board believes the placement will enhance the company’s financial position, broaden its shareholder base, and support its strategic growth initiatives.