Leapmotor Announces New Shares and Corporate Update

Zhejiang Leapmotor Technology Co., Ltd. Class H (HK:9863) has released an update.

Zhejiang Leapmotor Technology Co., Ltd. has entered agreements to issue new domestic shares, leading to an approximate 4.99% increase in total issued shares upon completion. The company secured an aggregate gross proceeds of RMB 2.6 billion, aimed at funding new electric vehicle model research and general corporate purposes. In conjunction with these developments, Leapmotor proposes amendments to its Articles of Association, pending shareholder approval.

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