WH GROUP (00288) announced that on September 5, 2025 (New York time), Chairman and Executive Director Wan Long has agreed to purchase 1.8 million Smithfield shares in the Smithfield secondary offering at the offering price and on the same terms as other Smithfield shares being offered. This purchase represents approximately 8.01% of the Smithfield shares offered in the secondary offering and approximately 0.46% of Smithfield's total issued share capital as of the announcement date. The consideration paid by Wan Long for the subscription amounts to approximately $41.85 million.

The subscription reflects Wan Long's further recognition of Smithfield Group's business development and his confidence in the future development of Smithfield Group. The Board considers that although the subscription was not conducted in the ordinary and usual course of the Group's business, the subscription was conducted on normal commercial terms, is fair and reasonable, and is in the overall interests of the Company and its shareholders.