SenseTime: Placing 1.865 billion Shares at a 6.3% Discount to Raise 2.787 billion HKD

On December 11, SenseTime (00020.HK) announced in the Hong Kong Stock Exchange that on December 11 (before the trading hours of the Stock Exchange), the company entered into a Placing Agreement with the Placing Agent. According to this, the Placing Agent has conditionally and individually agreed to try his best to induce not less than six placeholders to subscribe for 1.865 billion Placing Shares. The matching price of each Placing Share is HK $1.50, a discount of about 6.3%. The net proceeds from the Placing are expected to be HK $2.787 billion. The net proceeds from the Placing will be mainly used to support the development of the company's core business.