Wecon Holdings Limited (Wecon) and offeror Triple Arch Limited jointly announced a postponement in the mailing of the scheme document for Wecon’s proposed privatization under Section 86 of the Cayman Islands Companies Act.

The Takeovers Code originally required the document to be dispatched within 21 days of the 16 March 2026 joint announcement, setting a deadline of 8 April 2026. With additional time needed to finalize the document and align with the Grand Court of the Cayman Islands’ timetable for the court hearing to convene the shareholders’ meeting, the parties sought regulatory consent for an extension. The Executive has indicated it is minded to grant approval, moving the new deadline to on or before 3 June 2026.

Implementation of the scheme remains conditional on: 1. Approval by the Grand Court to convene the court meeting. 2. Shareholder approval of the scheme at the court meeting. 3. Fulfillment or waiver of other conditions detailed in the forthcoming scheme document.

Both companies emphasized that the proposal may or may not proceed, urging shareholders and potential investors to exercise caution when dealing in Wecon securities until further notice. A detailed timetable will be provided upon dispatch of the scheme document.