SenseTime Group completed the placement of new Class B shares under general authorization on December 17, 2024. The placement agent successfully sold 1.865 billion Class B shares to no less than six subscribers at a placement price of HK$1.50 per share, accounting for approximately 5.04% of the total issued shares after the placement.The net proceeds from the placement amount to approximately HK$2.787 billion, and the company intends to primarily use the funds to support the development of its core business, including building an industry-leading AI cloud, scaling up the SenseTime large devices, supporting the further development of generative AI, and for general working capital.After the placement, the total number of shares issued by SenseTime has increased to 37.007 billion shares, including 0.614 billion Class A shares and 36.393 billion Class B shares. The company's public shareholding remains no less than 25% of the expanded issued share capital. The company will file with the regulatory authorities in China, including filing with the China Securities Regulatory Commission, in accordance with relevant regulations.

SenseTime Group completed the placement of new Class B shares under general authorization on December 17, 2024. The placement agent successfully sold 1.865 billion Class B shares to no less than six subscribers at a placement price of HK$1.50 per share, accounting for approximately 5.04% of the total issued shares after the placement.The net proceeds from the placement amount to approximately HK$2.787 billion, and the company intends to primarily use the funds to support the development of its core business, including building an industry-leading AI cloud, scaling up the SenseTime large devices, supporting the further development of generative AI, and for general working capital.After the placement, the total number of shares issued by SenseTime has increased to 37.007 billion shares, including 0.614 billion Class A shares and 36.393 billion Class B shares. The company's public shareholding remains no less than 25% of the expanded issued share capital. The company will file with the regulatory authorities in China, including filing with the China Securities Regulatory Commission, in accordance with relevant regulations.