Wang Jingyu, the main shareholder of Wanwei Intelligent Technology (00209), plans to sell up to about 299 million shares of the company's shares at a price of not less than HK$0.33 per share

Zhitong Finance App News, Wanwei Intelligent Technology (00209) announced that the board of directors has been notified by Ms. Wang Jingyu, Executive Director, Chairman of the Board of Directors and CEO of the company, that on July 16, 2026 (after the trading period), Peak Access International Limited (Peak Access), which is wholly owned by Ms. Wang Jingyu, the current major shareholders of the company and all of their issued shares have entered into a private placement letter with Zhongce Fuhui Securities Co., Ltd. (placement agent). Peak Access plans to sell up to about 299 million shares of the company through placement agents, accounting for approximately 20.14% of the company's issued share capital at a price of not less than HK$0.33 per share.

Once the private placement is completed and assuming that all of the placed shares are successfully placed to the undertaker, Peak Access will no longer hold any shares and will therefore no longer be a major shareholder of the company.