WAI HUNG GROUP(03321) has completed the placement of a total of 121 million shares of placement shares.

WAI HUNG GROUP (03321) announced that all conditions set out in the placement agreement have been met and the completion was finalized on March 20, 2026. A total of approximately 121 million shares (equivalent to 20% of the Company's existing issued share capital of about 606 million shares as of the date of the placement agreement; and approximately 16.67% of the Company's issued share capital of 727 million shares after the placement and issuance of new shares) have been successfully placed with no fewer than six placees. The Directors, after making all reasonable inquiries, are fully aware, informed and believe that all placees (including individuals, corporations, institutions or other investors) and (where applicable) their ultimate beneficial owners are independent third parties and that none of the placees will become a major shareholder after completion. The net proceeds from the placement (after deducting the related costs and expenses to be borne by the Company) are approximately HK$4.61 million.