UBTECH (09880.HK) announced a plan to place a total of 7 million new H shares, equivalent to approximately 1.62% of the expanded share capital, at a price of 83.88 yuan per share, which represents a discount of about 19.96% compared to yesterday's (19th) closing price of 104.8 yuan. The net proceeds are expected to be approximately 0.122 billion yuan, which will be used for business operations and development (including operating capital, general corporate purposes, and domestic and foreign investments), as well as for repaying the company's maturing obligations under the related business credit line with financial institutions (including principal and accrued interest).

UBTECH is currently priced at 102.4 yuan, down 2.29%, with a transaction volume of 0.0816 million shares, involving 8.4076 million yuan.