Svmuureports that Zhipu announced at a board meeting held on June 1, 2026, that the company proposes to apply to relevant Chinese regulatory authorities for the issuance and allotment of A shares, and to apply to the Shanghai Stock Exchange for the listing and trading of these A shares on the STAR Market. The number of proposed A shares to be issued will account for between 2% and 8% of the company's total share capital upon completion of the proposed A-share issuance (excluding any A shares to be issued upon exercise of the over-allotment option), representing not less than 9,098,838 and not more than 38,768,964 new A shares. The board meeting also passed other additional resolutions relating to the proposed A-share issuance, which will be submitted to shareholders for approval at the annual general meeting.