Core Viewpoint - The company, 越疆 (02432.HK), has entered into a placement agreement with Credit Suisse to issue a total of 16.66 million new H-shares at a price of HKD 46.80 per share, representing a discount of approximately 10.3% from the last trading price of HKD 52.20 [1] Summary by Categories Placement Details - The placement shares represent about 3.94% of the company's issued share capital as of the announcement date and approximately 3.79% of the enlarged issued share capital post-placement [1] - The total gross proceeds from the placement are estimated to be around HKD 779.7 million, with net proceeds expected to be approximately HKD 771 million [1] Use of Proceeds - 40% of the net proceeds will be allocated to advancing technology research and product innovation in smart robotics to support the company's strategic deployment and market expansion [1] - 20% will be used to seek investment, acquisition, and strategic alliance opportunities within the robotics value chain and adjacent sectors [1] - Another 20% is designated to strengthen the company's sales channels domestically and internationally, enhancing market promotion efforts to improve market penetration and brand influence [1] - The remaining 20% will be utilized to supplement working capital and for general corporate purposes [1]