SenseTime Group Inc. has announced the completion of a placing of new Class B shares under a general mandate. The shares were offered and sold solely to qualified institutional buyers pursuant to an exemption from registration under Rule 144A of the United States Securities Act of 1933, and outside the United States in offshore transactions in accordance with Regulation S. The company confirmed that no public offering of its shares will be made in the United States and that the public float remains no less than 25% of the company’s enlarged issued share capital following the placement.

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