Group 1 - The core announcement is that SenseTime Group (stock code: 0020) plans to raise approximately HKD 2.5 billion through the placement of new Class B shares, issuing 1,666,667,000 shares at a price of HKD 1.50 per share, which represents a discount of about 6.3% to the closing price on July 23, 2025 [1] - The placement shares will account for approximately 4.5% of the existing issued share capital and about 4.3% of the enlarged share capital after completion [1] - The funds raised will be used to support the company's core business development, research in generative artificial intelligence, and exploration of technology integration in innovative verticals, as well as for general working capital [1] Group 2 - The placement is managed by Guotai Junan Securities and CITIC Securities, and is expected to be completed within three business days after the fulfillment of certain conditions [1]