MOG Digitech discloses delayed HK$80 million Wealth Guardian deposits under listing rules

• MOG Digitech issued a clarification tied to its 2024 annual report, disclosing that its Hong Kong unit placed deposits totaling HKD 80 million with New Zealand-based Wealth Guardian Investment between Oct. 31 and Nov. 6, 2024, later classified as an advance to an entity and a discloseable transaction under Hong Kong listing rules.
• The deposits carried tiered interest rates up to 4% per annum, with a right to withdraw funds on 10 business days’ notice; all funds were withdrawn on March 14 and March 17, 2025, with total proceeds of HKD 80.53 million including HKD 533,333 in interest.
• The disclosure was delayed due to a misinterpretation of the listing rules, with the deposits treated at the time as refundable deposits; the company outlined remedial steps including an internal controls review targeted for completion by the end of Q2 2026 and staff training on transaction disclosure requirements in Q2 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MOG Digitech Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260520-12165677), on May 20, 2026, and is solely responsible for the information contained therein.