Wanwei Intelligent Technology (00209) plans to sell a maximum of 297.13,400 shares at a discount of about 16.05% to raise about HK$9.76 million

According to Zhitong Finance App, Wanwei Intelligent Technology (00209) announced that on October 2, 2026, the company plans to place a maximum of 297.13,400 shares placed, accounting for about 20.00% of the total number of shares currently issued at the date of this announcement; and about 16.67% of the total number of issued shares after allotment and expansion of placed shares. The placement price was HK$0.340 per share, a discount of approximately 16.05% from the closing price of HK$0.405 per share on October 2. Assuming that the placement agent successfully places all of the placed shares, the maximum estimated total proceeds from the placement is approximately HK$10.1 million, while the maximum net proceeds from the placement are estimated to be about HK$9.76 million. The Company intends to use all net proceeds from the placement for its business operations and the Group's general working capital.