---
title: "Welife Technology Corrects Discount Figure in Share Placing Disclosure"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279223404.md"
description: "Welife Technology Limited (HK:1703) has corrected a clerical error regarding its share placing announcement. The company clarified that the placing price represents a 19.6% discount to the average closing price over the five trading days prior to the agreement, rather than the previously stated figure. All other details of the placing remain unchanged, affecting only the accuracy of the disclosure. Welife Technology is listed on the Hong Kong Stock Exchange and operates under a conventional governance structure."
datetime: "2026-03-16T04:37:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279223404.md)
  - [en](https://longbridge.com/en/news/279223404.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279223404.md)
---

# Welife Technology Corrects Discount Figure in Share Placing Disclosure

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An announcement from Welife Technology Limited ( (HK:1703) ) is now available.

Welife Technology Limited has issued a clarification regarding its earlier announcement on the placing of new shares under a general mandate. The company said a clerical error was made in stating the discount to the average closing price over the five trading days prior to the placing agreement.

The corrected figure shows that the placing price represents a 19.6% discount to that average closing price, rather than the previously stated percentage. The company emphasized that all other details of the placing announcement remain unchanged, limiting the impact to the disclosure accuracy rather than the underlying terms of the transaction.

**More about Welife Technology Limited**

Welife Technology Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 1703. The group operates through a board comprising executive, non-executive and independent non-executive directors, reflecting a conventional listed-company governance structure in Hong Kong’s capital market.

**Average Trading Volume:** 10,008,332

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$83.95M

For an in-depth examination of 1703 stock, go to TipRanks’ Overview page.

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