Bijiao Technology announced today that the company entered into a placement agreement with the placement agent to place 130 million shares to no less than 6 undertakers at a price of HK$31.08 per share to be placed. CICC and UBS Group are responsible for this placement. The total proceeds amount to HK$4.04 billion, which is mainly used for the strategic supply chain procurement, production preparation and commercialization of the company's next-generation products. The reporter further learned from people familiar with the matter that this is an undisclosed targeted sale, and only a few high-quality long-term international investors have been introduced. According to reports, Bijiao Technology's current financing is a private targeted placement model. It is not bookkeeping and distribution to the open market or ordinary institutions. The subscribers are mainly a few international long-term institutions and strategic high-quality investors.

Bijiao Technology announced today that the company entered into a placement agreement with the placement agent to place 130 million shares to no less than 6 undertakers at a price of HK$31.08 per share to be placed. CICC and UBS Group are responsible for this placement. The total proceeds amount to HK$4.04 billion, which is mainly used for the strategic supply chain procurement, production preparation and commercialization of the company's next-generation products. The reporter further learned from people familiar with the matter that this is an undisclosed targeted sale, and only a few high-quality long-term international investors have been introduced. According to reports, Bijiao Technology's current financing is a private targeted placement model. It is not bookkeeping and distribution to the open market or ordinary institutions. The subscribers are mainly a few international long-term institutions and strategic high-quality investors.