Wecon Extends Potential Deal Exclusivity to Nov. 30

• Wecon Holdings’ potential change-of-control transaction remained under negotiation as of October 20, 2026, with no binding agreement signed.
• Exclusivity was extended to November 30, 2026, unless a formal sale agreement is signed or the MOU terminates earlier.
• The potential purchaser agreed to pay an additional refundable deposit of HK$ 5 million within five business days of October 20, 2026.
• The additional deposit would bring total earnest money to HK$ 10 million, including HK$ 5 million paid on August 24, 2026.
• Completion of the transaction would trigger a mandatory general offer under Rule 26.1 of the Takeovers Code.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wecon Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261020-12377342), on October 20, 2026, and is solely responsible for the information contained therein.