Summary by Futu AI
SenseTime Group completed the placement of new Class B shares under the general authorization on December 17, 2024. A total of 1.865 billion new Class B shares were issued, accounting for 5.4% of the total shares issued before the placement, at a placement price of 1.5 Hong Kong dollars per share, raising approximately 2.798 billion Hong Kong dollars. After the placement, the number of Class B shares issued by the company increased from 34,528,336,530 shares to 36,393,336,530 shares, while the number of Class A shares remained unchanged at 614,034,470 shares. As a result, the total number of shares issued by the company increased to 37,007,371,000 shares. This placement has expanded the company's capital base and provided additional working capital for the company. The company confirms that this share issuance has been formally authorized and approved by the Board of Directors and complies with all applicable listing rules, laws, and other regulatory requirements.