WK GROUP (02535) announced that the company's board of directors has been informed by Mr. Chen Yongkang, the company's chairman, non-executive director, and controlling shareholder (as defined in the Listing Rules), that WK (BVI) Limited (the vendor, a company legally and beneficially owned 30%, 30%, 15%, 15%, and 10% by Mr. Chen Xinji, Mr. Chen Xinjiang, Mr. Chen Yongkang, Ms. Cai Zhichang, and Ms. Chen Shuwen respectively) entered into a placing agreement with Huafu Securities Limited on September 1, 2025 (after trading hours). Under the agreement, the placing agent has agreed to use its best efforts to procure investors to purchase up to 400 million existing shares of the company held by the vendor at a price of not less than HK$0.25 per placing share. As of the date of this announcement, the 400 million placing shares represent 20% of the company's existing issued share capital. Upon completion of the placing and assuming all placing shares are placed to placees, the vendor's shareholding will be reduced to 620 million shares, representing 31% of the company's total issued share capital. Therefore, the vendor will continue to be the controlling shareholder of the company. The company expects that the placing will not have any adverse impact on the operations of the company and its subsidiaries.