Changes in Hong Kong stocks | Wanwei Intelligent Technology (00209) rose more than 5%, major shareholder Wang Jingyu plans to sell up to 299 million shares of the company

The Zhitong Finance App learned that Wanwei Intelligent Technology (00209) rose by more than 5%. As of press release, it had risen 5.43% to HK$0.485, with a turnover of HK$110 million.

According to the news, on July 16, Wanwei Intelligent Technology issued an announcement. The board of directors was notified by Ms. Wang Jingyu, Executive Director, Chairman of the Board of Directors and CEO of the company that on July 16, 2026 (after the trading period), Peak Access International Limited (Peak Access), which is wholly owned by Ms. Wang Jingyu, the current major shareholder of the company and all of its issued shares, has entered into a private placement letter with Zhongze Fuhui Securities Co., Ltd. (placement agent). Peak Access plans to sell up to about 299 million shares of the company through placement agents, accounting for about 20.14% of the company's issued share capital at a price of not less than HK$0.33 per share.

Once the private placement is completed and assuming that all of the placed shares are successfully placed to the undertaker, Peak Access will no longer hold any shares and will therefore no longer be a major shareholder of the company.