Baiwang to Raise HKD 30 Million in Private Share Placement

• Baiwang agreed on October 26, 2026, to sell 2,581,312 new H Shares to Celestine Capital LP through a private placement.
• The subscription price of HK$ 11.622 per share implies gross proceeds of HK$ 30 million.
• The price represents a 10.53% discount to the latest closing price; Celestine will hold 1.13% of enlarged share capital.
• Expected net proceeds of HK$ 29.5 million will fund AI Agent all-in-one machines and finance-and-tax AI models.
• Completion requires stock exchange listing approval, with a January 31, 2027, deadline for satisfying conditions unless extended.

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. Baiwang Co. 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-20261027-12383766), on October 26, 2026, and is solely responsible for the information contained therein.