On October 12, BIREN TECH fell 4.39% in regular trading, trading at HK$29.62 per share, with turnover of HK$278 million. The company's share price continued to be pressured by market concerns over equity dilution and short-term funding conditions following its announcement on October 8 of a plan to place 130 million new H shares at HK$31.08 each, raising net proceeds of approximately HK$4.02 billion. The placement price represented a discount of about 9.76% to the then closing price. This is the second large-scale refinancing by the company since its listing this year, with approximately 70% of the proceeds intended for strategic supply chain procurement, production preparation, and commercialization of next-generation products, 20% for enhancing R&D capabilities and software ecosystem, and 10% for working capital.

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