WengeAI

WengeAI (Ticker: 1956 HK) provides artificial intelligence services that help organizations analyze enterprise data and support decision-making. Its services include data governance, domain knowledge management, training large language and multimodal models, decision automation and evaluation, and low-code development of AI applications. The company serves organizations in public services, media and communications, and commercial enterprises. Founded in 2017 by artificial intelligence scientists from the Institute of Automation of the Chinese Academy of Sciences, WengeAI also offers a 15% greenshoe option covering about 2.23 million additional shares. Expected uses of proceeds include research and development, product capacity, brand promotion and business development, working capital, and strategic acquisitions.

The scheduled listing date on Hong Kong Stock Exchange was June 26, 2026. The proposed offering comprises 14,830,000 shares at an indicative price of HKD 60.70 per share. The base offering would represent HKD 900.18 million, approximately $114.70 million in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is HKD 10.51 billion, approximately $1.34 billion.

CICC Hong Kong Securities is the sponsor.