LEAPMOTOR(HK:09863) Ge Long Hui·2026-01-06 13:54Core Viewpoint - Leap Motor (09863.HK) has entered into subscription agreements to issue a total of 134,796,266 domestic shares to Jin Yi High-tech and FAW Equity, raising approximately RMB 6,743.86 million for research and operational purposes [1][2]. Group 1 - The company has conditionally agreed to issue 59,964,021 domestic shares to Jin Yi High-tech at a subscription price of RMB 50.03 per share, equivalent to HKD 55.49 [1]. - The total face value of the domestic shares to be issued in this round is RMB 134,796,266 [2]. - The shares to be subscribed by Jin Yi High-tech and FAW Equity represent approximately 46.36% and 31.67% of the total issued domestic shares, and approximately 9.48% and 8.66% of the total issued shares of the company, respectively [2]. Group 2 - The total proceeds from the subscription agreements are approximately RMB 6,743.86 million, with about 70% (RMB 4,720.70 million) allocated for research and development, and about 30% (RMB 2,023.16 million) for working capital and general corporate purposes [2]. - The board has authorized the chairman to adjust the use of proceeds based on the company's operational conditions and regulatory approvals [2].