WeTech: intending to raise no more than 500 million yuan to supplement working capital.

WeTech announces that the company plans to issue shares to specific targets, raising total funds of no more than 500 million RMB, all of which will be used to supplement working capital after deducting issuance expenses. This move can meet the needs of business development, optimize the capital structure, and consolidate the controlling shareholder's control position. After the issuance is completed, the company's financial strength and overall competitiveness will be enhanced, and its financial structure will be more robust. Before this subscription, the controlling shareholder WeTech Holdings held 28.88% of the shares, and after the issuance, its shareholding ratio will further increase.