National Artificial Intelligence Fund Injects RMB 1.4 Billion in Cash Capital into Beijing Kling

Odaily News, Kuaishou announced on the Hong Kong Stock Exchange that Beijing Kling has entered into accession agreements with the National Artificial Intelligence Fund and Charoen Pokphand Robot Limited (CP Robot) on the 31st,

Accordingly, the National Artificial Intelligence Fund and CP Robot have each agreed to become additional investors and parties to the capital increase agreement, injecting cash capital of RMB 1,400.00 million and approximately USD 19.29 million (equivalent to approximately RMB 131.45 million) into Beijing Kling, respectively (corresponding to RMB 1,097,518 and RMB 103,047 of Beijing Kling's registered capital, representing approximately 1.14% and 0.11% of Beijing Kling's registered capital after the expansion resulting from the implementation of the subscription and the subsidiary share participation plan, assuming the subscription limit and the plan authorization limit under the subsidiary share participation plan are both fully utilized). On the same day, Beijing Kling also entered into accession agreements to the shareholders' agreement with the National Artificial Intelligence Fund and CP Robot, respectively, pursuant to which, among other things, both the National Artificial Intelligence Fund and CP Robot have been granted repurchase rights.