Xunce (03317) completed the placement of a total of 7.283 million new H shares and issued bonds with a total principal amount of $1.36 billion

Zhitong Finance App News, Xunce (03317) issued an announcement. All conditions under the placement agreement have been met, and the placement was completed on July 10, 2026. The placement agent has placed a total of 7.283,000 new H shares at the placement price of HK$107.70 per share in accordance with the terms and conditions of the placement agreement, accounting for approximately 2.21% of the company's issued share capital which was expanded through allotment and issuance of placement shares immediately after completion of the placement (before conversion of convertible bonds).

The total proceeds from the placement were approximately HK$784 million, while the total net proceeds from the placement (after deducting commissions and estimated expenses) amounted to approximately HK$771 million.

The Board is pleased to announce that all prerequisites under the subscription agreement have been met and that the issuance of bonds with a total principal amount of RMB 1.36 billion was completed on July 10, 2026. The total proceeds from the bond subscription process were approximately US$200 million, while the net proceeds from the bond subscription process (after deducting the manager's commission and other estimated expenses payable in connection with the sale) were approximately US$196 million.

Approval to list and trade the bonds on the Hong Kong Stock Exchange is expected to take effect on or around July 13, 2026. The company has obtained approval to convert its shares to be listed on the Hong Kong Stock Exchange.