WAN LEADER (08482) has announced a proposed share placement to a key insider. On July 16, 2026, the company intends to allot and issue 44.922 million subscription shares to the subscriber, Mr. Lv Keyi, who serves as the company's Chief Executive Officer, Executive Director, and Chairman of the Board.

This issuance represents approximately 25% of the company's existing issued share capital as of the announcement date and about 20% of the enlarged issued share capital following the completion of the placement. The subscription price is set at HK$0.104 per share.

The gross proceeds from the subscription are expected to be approximately HK$4.67 million, with net proceeds estimated at around HK$4.55 million after deducting expenses. The company plans to allocate these funds for specific corporate purposes.

Allocation of Proceeds

The net proceeds are earmarked for two main uses. Firstly, about HK$3 million is intended to cover increased salary expenses for operational staff, which will support the expansion of the company's logistics routes.

Secondly, approximately HK$1.55 million is designated to supplement the company's working capital and support general business operations.