Beijing Xunzhong Raises HK$ 102.95 Million in H-Share Placement

• Beijing Xunzhong Communication Technology completed its H-share placement on October 30, 2026, raising gross proceeds of approximately HK$ 102.95 million.
• The placement comprised 3,550,000 new H shares at HK$ 29 each, allocated to at least six investors.
• Net proceeds totaled approximately HK$ 102.32 million; the new shares represent 2.6% of enlarged issued share capital.
• Proceeds will fund AI integration across existing platforms and products, computing infrastructure upgrades, and working capital and general corporate purposes.

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-20261030-12389719), on October 30, 2026, and is solely responsible for the information contained therein.