According to the announcement from WAN KEI GROUP (01718), on February 3, 2026, the company entered into a placement agreement with the placement agent, which conditionally agreed to use its best efforts to procure no less than six subscribers to subscribe for a maximum of 50.688 million placement shares, with a placement price of HKD 0.25 per share.

The placement shares represent approximately 16.67% of the enlarged issued share capital of the company, and the placement price of HKD 0.25 per share represents a discount of approximately 12.28% compared to the closing price of HKD 0.285 per share reported on the last trading day on the Stock Exchange.

Assuming all placement shares are fully subscribed, the total proceeds from the placement will be approximately HKD 12.7 million, and the net proceeds (after deducting commissions and other expenses related to the placement) will be approximately HKD 12.5 million, which means the net issue price per placement share will be approximately HKD 0.2458. The board intends to use the net proceeds from the placement entirely for general working capital purposes, of which approximately HKD 9.4 million will be used for directors' fees, salaries, and employee wages; approximately HKD 1.6 million will be used for rental expenses; and approximately HKD 1.5 million will be used for legal and professional fees