LEAPMOTOR(HK:09863) Xin Lang Cai Jing·2025-12-29 16:35Core Viewpoint - Leap Motor has signed a domestic share subscription agreement with FAW Equity Investment, planning to issue 74.832 million shares at a price of RMB 50.03 per share, totaling RMB 3.744 billion, which will enhance its capital structure and support future growth [1][3]. Group 1: Investment Agreement - The share issuance represents 20.47% of the expanded total of domestic shares and 5% of the total expanded shares [1]. - The funds raised will be allocated as follows: approximately 50% (RMB 1.872 billion) for R&D, 25% (RMB 936 million) for working capital and general corporate purposes, and 25% (RMB 936 million) for expanding sales and service networks and enhancing brand awareness [5]. Group 2: Strategic Collaboration - The investment agreement is part of a broader strategic collaboration between FAW and Leap Motor, aimed at enhancing technological integration and resource pooling to improve product competitiveness [5]. - Both companies have a history of strategic trust and technological complementarity, which will be leveraged to deepen cooperation in areas such as joint R&D of smart connected new energy vehicles and global expansion [5]. Group 3: Market Response - Following the announcement of the investment agreement, Leap Motor's stock price increased by 5.13%, reaching HKD 52.5 per share [1].