DEEPEXI TECH (01384) has announced that on May 21, 2026, prior to the trading session of the Stock Exchange, the company entered into a placement agreement with a placing agent. Under this agreement, the company conditionally agreed to appoint the placing agent, who in turn conditionally agreed to act as the company's agent on a several but not joint basis. The agent will use reasonable efforts to procure subscriptions for no fewer than six independent placees to subscribe for 7.942 million new H shares at a placing price of HKD 50.58 per H share. The placing shares represent approximately 2.431% of the total issued share capital as of the date of this announcement and approximately 2.374% of the issued share capital as enlarged by the allotment and issue of the placing shares, assuming no changes to the company's issued share capital between the announcement date and the completion date other than the allotment and issue of the placing shares. The total par value of the placing shares under the placement will be RMB 7.942 million. The placing price of HKD 50.58 per H share represents a discount of approximately 19.78% compared to the closing price of HKD 63.05 per H share on the Stock Exchange on May 20, 2026, the last trading day. Assuming all placing shares are fully subscribed, the gross proceeds and net proceeds from the placement, after deducting commissions and estimated expenses, are expected to be approximately HKD 401.7 million and HKD 395 million, respectively. On this basis, the net issue price per placing share will be approximately HKD 49.73.