WellCell completes HK$0.24 top-up placement, raising HK$187.95 million net proceeds

• WellCell completed a top-up subscription, issuing 796,000,000 new shares at HK$ 0.24 each, raising net proceeds of about HK$ 187.95 million.
• The deal followed a placing of 796,000,000 existing shares at HK$ 0.24, completed July 15 to at least six investors.
• Total shares outstanding rose to 4,796,000,000; Hang Feng International’s stake shifted to 24.94% from 29.9%.
• Proceeds earmarked mainly for computing-power platform R&D, prepayments for computing resources, building a self-owned computing power pool.

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. Wellcell Holdings 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-20260716-12246756), on July 16, 2026, and is solely responsible for the information contained therein.