LEAPMOTOR (09863) to Issue 74.832 Million Domestic Shares to FAW Equity, Raising RMB 3.744 Billion

Stock News2025-12-29

LEAPMOTOR (09863) announced that on December 28, 2025, the company entered into a domestic share subscription agreement with FAW Equity. Under this agreement, the company has conditionally agreed to issue 74.832 million domestic shares to FAW Equity. This issuance represents approximately 25.74% of the company's total issued domestic shares as of the announcement date and approximately 20.47% of the company's total enlarged issued domestic shares following the completion of the domestic share subscription. It also represents about 5.26% of the company's total issued shares as of the announcement date and approximately 5.00% of the total enlarged issued share capital post-subscription. The subscription price is set at RMB 50.03 per domestic share. The total gross proceeds from the domestic share subscription will amount to RMB 3.744 billion. Approximately 50% of the proceeds will be allocated to research and development investments, about 25% will be used to supplement working capital and for general corporate purposes, and the remaining 25% is designated for expanding the sales and service network and enhancing brand awareness.

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