WEIMOB INC Completes Issuance of 172 Million Subscription Shares

Stock News
02/04

WEIMOB INC (02013) has announced that all conditions precedent for the Second A Tranche subscription under the Subscription Agreement (as amended by the supplemental agreement) have been satisfied or waived where applicable. The Second A Tranche subscription was successfully finalized on February 4, 2026, adhering to the terms stipulated in the amended agreement. Furthermore, all prerequisites outlined in the Placing Agreement (as amended by the supplemental agreement) have been met, and the placement of the Second A Tranche subscription shares was completed on the same date in accordance with the revised agreement's provisions. A total of 172 million subscription shares were acquired at a price of HK$2.26 per share, based on the terms and conditions of the amended Subscription Agreement. Following the completion of the Second A Tranche subscription, the company's public float will constitute no less than 25% of its total issued share capital as enlarged by this issuance. The designated entity for the Second A Tranche subscription is Infini Global Master Fund (IGMF), which is the same entity designated for both the First A Tranche and First B Tranche subscriptions. Upon finalizing the Second A Tranche subscription, the subscriber and IGMF will not attain the status of a major shareholder in the company as defined by the Listing Rules.

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