2025.08.15
On August 14, 2025, Beijing 4Paradigm Technology (stock code: 6682.HK, 4Paradigm) successfully completed the placement of new H-shares and JunHe was the domestic legal counsel for the company. This placement involved a total of 25.9 million new H-shares, at a price of HKD 50.50 per share, with total proceeds of approximately HKD 1.3 billion. The subscribers for this placement were managed by Infinity Capital Partners Limited (Infinity Capital). Infinity Capital is headquartered in Hong Kong and Abu Dhabi, and holds licenses from the Hong Kong Securities and Futures Commission and the Abu Dhabi Global Market Financial Services Regulatory Authority. Infinity Capital is an investment institution focused on artificial intelligence, emerging technologies, intelligent manufacturing and financial technology. This placement reflects the long-term optimism of Middle Eastern capital in the success of the Chinese AI industry.
4Paradigm was established in September 2014 and is a provider of artificial intelligence platforms and technology services. It is dedicated to addressing the efficiency, cost and value issues faced by enterprises in their intelligent transformation and its solutions are applied in sectors such as finance, retail, manufacturing, healthcare, energy and government. It has held the largest market share in Chinese machine learning platforms for several years. In addition to decision-making AI solutions, 4Paradigm has also launched SageGPT, an enterprise-level generative AI product designed for business scenarios.
JunHe was fully involved in the Chinese legal due diligence for this project. It took the lead in drafting and revising the filing documents for the China Securities Regulatory Commission and assisted the company and various intermediary institutions to ensure the smooth and efficient completion of this H-share placement project. This project demonstrates the swift and efficient characteristics of refinancing for Hong Kong-listed companies and it was a continuation of the legal services provided by JunHe for the company's HKD 1.4 billion placement in February 2025. JunHe has now assisted the company in completing placements totaling nearly HKD 3 billion.
The lead partner for this project was Mr.JIANG, Wenjun (Kelvin), with Mr.LI, Zhiserving as the internal review partner.
