Wan Leader International Limited (the 「Company」) has entered into a Placing Agreement on 21 October 2025 to place up to 29,947,920 new shares at HK$0.103 per share. According to the announcement, these new shares represent 20% of the Company’s existing issued share capital as of the announcement date and approximately 16.67% of the enlarged share capital, assuming all Placing Shares are fully placed.

Gross proceeds could reach an estimated HK$3.08 million, with net proceeds of around HK$2.87 million after deducting expenses. The intended use of proceeds includes approximately HK$2 million for loan repayments and approximately HK$0.87 million for working capital replenishment. The Placing Shares will be issued under the General Mandate granted at the Company’s annual general meeting on 28 August 2025.

The placing price of HK$0.103 reflects a discount of about 16.26% to the HK$0.123 closing price on 21 October 2025. The listing of the new shares on the Stock Exchange is conditional on relevant approvals, and completion is scheduled within four business days following satisfaction of these conditions. The announcement emphasizes that this capital raise aims to broaden the shareholder base and support future business development.