Wan Kei Group Holdings Limited (Stock Code: 1718) announced that on 3 February 2026, it entered into a placing agreement with a placing agent, pursuant to which up to 50,688,000 new shares will be placed to not fewer than six independent placees under a general mandate. The subscription price is set at HK$0.25 per share, representing a discount of approximately 12.28% to the last trading day’s closing price and around 18.03% to the average closing price of the previous five trading days.

If fully placed, the number of new shares would account for 20.00% of the existing issued shares and approximately 16.67% of the enlarged share capital, raising gross proceeds of about HK$12.7 million and estimated net proceeds of around HK$12.5 million. The company intends to allocate the net proceeds for general working capital, including director’s fee, staff remuneration, rental expenses, and legal and professional fees.

Upon completion of the placing, the total issued shares of the company would increase from 253,440,000 shares to 304,128,000 shares. The placing remains subject to the fulfilment of various conditions outlined in the agreement, and it may or may not proceed. Shareholders and potential investors are accordingly advised to exercise caution when dealing in the company’s shares.