Brainhole Technology Limited (stock code: 02203, “BRAINHOLE TECH”) announced that the Hong Kong Stock Exchange has granted a waiver from strict compliance with Rule 14.41(a) of the Listing Rules in relation to the company’s major transaction—the further disposal of TeraWulf shares disclosed on 4 March 2026.

Originally, the circular detailing the transaction was required to be dispatched on or before 25 March 2026 (15 business days after the initial announcement). Because additional time is needed to finalize financial information—including the group’s statement of indebtedness and a working-capital sufficiency letter—the company sought an extension.

On 18 March 2026, after market hours, HKEX approved the waiver with the condition that BRAINHOLE TECH must dispatch the circular no later than 16 April 2026 and disclose the waiver details via public announcement. The waiver applies solely to this transaction and may be withdrawn or revised if circumstances change.

The board currently comprises one executive director, Mr. Zhang Liang Johnson (Chairman), and three independent non-executive directors: Mr. Xu Liang, Mr. Chen Johnson Xi, and Ms. Zhang Yibo.

The announcement was issued in Hong Kong on 19 March 2026.