Beijing Xunzhong Plans HKD 102.95 Million Share Placement

• Beijing Xunzhong Communication Technology on October 23, 2026, agreed to place 3,550,000 new H Shares at HK$ 29 each.
• The placing price represents a 14.35% discount to the October 22 closing price of HK$ 33.86.
• Gross proceeds are expected to reach HK$ 102.95 million, with net proceeds of HK$ 102.32 million.
• Proceeds will primarily fund computing equipment upgrades and AI integration into existing communications platforms and software products.
• The new H Shares will represent approximately 2.6% of enlarged issued share capital upon completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beijing Xunzhong Communication Technology Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261023-12380582), on October 22, 2026, and is solely responsible for the information contained therein.