Hong Wei Asia Plans to Raise Up to HKD 13.5 Million in Share Placement

• Hong Wei Asia Holdings agreed November 3, 2026, to place up to 150,000,000 new shares at HKD 0.09 each.
• The placement would raise gross proceeds of approximately HKD 13.5 million, with net proceeds estimated at HKD 12.83 million.
• The price represents a 22.41% discount to the closing price; new shares would represent 29.76% of enlarged share capital.
• Net proceeds will primarily repay borrowings and overdue payables, with HKD 1.11 million allocated to general working capital.
• Completion is subject to shareholder approval of a specific mandate and Stock Exchange listing permission.

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. Hong Wei Asia 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-20261103-12398280), on November 03, 2026, and is solely responsible for the information contained therein.