SenseTime Announces Share Placement Agreement to Raise HK$32.47 Billion

SenseTime (00020.HK) announced on April 17, 2026, that it has entered into a placement agreement with placement agents as of April 16, 2026. According to Jin10, the placement agents have conditionally agreed to facilitate the subscription of 1.7 billion placement shares by no fewer than six subscribers at a price of HK$1.91 per share, representing an approximate 8.6% discount from the latest closing price. The total proceeds from the placement are expected to be approximately HK$32.47 billion, with net proceeds estimated at HK$32.3 billion. The placement will provide SenseTime with additional financial resources to continue investing in its fields of interest and support the group's general working capital needs.