WELIFE TECH (01703) plans to issue a discount of approximately 12.3% for the sale of up to 230 million shares, raising approximately HK$13.6 million.

WELIFE TECH (01703) announced that on March 13, 2026 (after trading hours), the company has entered into a placing agreement with the placing agent. Under this agreement, the company conditionally agrees to place up to 230 million shares at a placing price of HK$0.064 per share to no less than six placees (all independent third parties). The 230 million placing shares represent (i) 20% of the existing issued share capital of the company of 1.15 billion shares as of the placing agreement date; and (ii) approximately 16.67% of the enlarged issued share capital of the company of 1.38 billion shares after the placing. The total nominal value of the placing shares under the placing will be approximately HK$23 million. The placing price of HK$0.064 represents a discount of approximately 12.3% to the closing market price of HK$0.073 per share on the Stock Exchange on March 13, 2026. The maximum gross proceeds from the placing will be approximately HK$146 million. The maximum net proceeds from the placing (after deducting the placing agent's commission, professional fees, and other related costs and expenses arising from the placing) will be approximately HK$136 million, and the net price per placing share will be approximately HK$0.059. The company intends to use the net proceeds for general working capital.