Kingwo Financial News | Mai Fushi (02556) announced that on December 18, 2024 (before trading hours), it plans to place up to 1 million new shares, accounting for approximately 0.42% of the expanded issued share capital, with a placement price of HKD 110 per share, which is about 0.45% lower than the closing price of HKD 110.5 on the last trading day.

The total amount raised from the placement is expected to be approximately HKD 0.11 billion. The net proceeds from the placement are expected to be approximately HKD 0.1095 billion. The company intends to use the net proceeds for the following purposes: (1) Research and development of AI large model technology in marketing and sales, including training the Tforce large model in marketing, building an intelligent agent platform, and commercializing intelligent agents in scenarios; and (2) Working capital and general corporate purposes.