Zhipu (02513.HK) has successfully completed the placement of 19.78 million new H-shares, raising approximately HK$31.411 billion. The shares were issued at a placing price of HK$1,588 each to at least six placees, as announced on the Hong Kong Stock Exchange on July 13, 2026. This issuance represents about 4.25% of the total issued H-shares following the enlargement.