LEAPMOTOR(HK:09863) 智通财经网·2026-01-06 14:19Core Viewpoint - Leap Motor (09863) has entered into subscription agreements to issue a total of 135 million domestic shares to Jinyi High-tech and FAW Equity, raising approximately RMB 67.44 billion for research and operational funding [1][2]. Group 1: Subscription Agreements - The company has conditionally agreed to issue 59.964 million domestic shares to Jinyi High-tech at a subscription price of RMB 50.03 per share, equivalent to HKD 55.49 [1]. - The company will also issue 74.832 million domestic shares to FAW Equity, with the total issuance to both parties amounting to 135 million domestic shares [1][2]. - The total par value of the shares being issued is RMB 135 million, representing approximately 46.36% and 31.67% of the total issued domestic shares before and after the subscription, respectively [2]. Group 2: Financial Implications - The total proceeds from the subscription to Jinyi High-tech are estimated at RMB 30 billion, while the proceeds from FAW Equity are approximately RMB 37.44 billion, leading to a combined total of RMB 67.44 billion [2]. - About 70% of the proceeds, or RMB 47.21 billion, will be allocated for research and development, while approximately 30%, or RMB 20.23 billion, will be used for working capital and general corporate purposes [2]. Group 3: Strategic Importance - The subscription by Jinyi High-tech is viewed as a strategic investment, reflecting confidence in the company's smart electric vehicle business and long-term prospects [3]. - This investment is expected to establish and strengthen potential commercial and industrial collaborations in the Jindong District, benefiting both the company and the local economy [3].