Svmuu reported that CATL (03750.HK) announced on the Hong Kong Stock Exchange that on April 28, the company entered into a placing agreement with the placing agent. Pursuant to the agreement, the placing agent has conditionally agreed to act as the company's placing agent to procure no fewer than six placees (who and whose ultimate beneficial owners will be independent third parties) to subscribe for 62,385,000 placing shares at a placing price of HK$628.20 per placing share. The total gross proceeds from the placing are approximately HK$39.19 billion, while the net proceeds (after deducting placing commissions and other related costs and expenses of the placing) are estimated to be approximately HK$39.11 billion. The net proceeds raised from this placing will be used for global new energy project construction and zero-carbon business deployment, R&D investment, replenishment of daily working capital, and other general corporate purposes. (Jin Shi)