According to the Jinshi data on February 7th, on February 7th, Fourth Paradigm announced on the Hong Kong Stock Exchange that it plans to sell up to 27.92 million shares, with a total fundraising of HK$1.402 billion, and a selling price of HK$50.2 per share. The net proceeds from the sale will be used for: (1) Core product research and development. Key investment in generative AI research and development, optimizing Algorithm, enhancing product performance, and consolidating technological advantages; (2) Business expansion. Actively exploring new markets, especially overseas and emerging markets, supporting the development of the group’s overseas entities, strengthening marketing channel construction, enhancing brand influence, and exploring business synergy opportunities; (3) M&A opportunities. Continuously following high-quality asset mergers and acquisitions, achieving resource integration and rapid development, and enhancing industry competitiveness; and (4) General corporate purposes.
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