Wan Kei Group Holdings Limited (the “Company”) allotted and issued 50.68 million new shares at HK$0.25 each under a general mandate, raising net proceeds of approximately HK$12.50 million. Upon completion on 27 February 2026, the Company’s issued share capital increased from 253.44 million to 304.12 million shares, with the newly issued shares representing around 16.66% of the enlarged share capital.

According to the Board, the Company had cash and cash equivalents of approximately HK$103.30 million as of 31 December 2025. However, it estimates that HK$113.00 million is required for reserves across its foundation construction, ground investigation, financial services, trading of consumer products, and e-commerce segments. The Company also recorded a net cash outflow of HK$44.00 million from operating activities in the six months ended 30 September 2025, had HK$57.40 million due to a related company, and HK$111.80 million due to directors of subsidiaries as at 30 September 2025. Management highlighted liquidity needs arising from timing mismatches in customer payments and scaling costs, along with repayment obligations, as key reasons for the placing.

All new shares were allocated to at least six individual investors independent of the Company. This placing not only broadens the shareholder base but also helps improve trading liquidity. The Company intends to use all net proceeds for general working capital, including approximately HK$9.40 million for director’s fee and staff salaries, HK$1.60 million for rental expenses, and HK$1.50 million for legal and professional fees.