Smart Fish Wealthlink plans placing 245,706,960 shares at HK$0.16 each

• Smart Fish Wealthlink launched a proposed placing of up to 245,706,960 new shares at HK$ 0.16 each, subject to shareholder approval under a specific mandate.
• Gross proceeds would total about HK$ 39.3 million, with net proceeds estimated at about HK$ 38.3 million.
• Proceeds are earmarked mainly for liability settlement and working capital, including about HK$ 17.3 million to repay bank overdrafts, with the balance for operating expenses and margin and IPO financing in its securities and money-lending businesses.
• The new shares would equal about 20% of existing issued share capital, implying about 16.67% dilution on an enlarged basis.
• A shareholder vote is scheduled for June 18, 2026, with the placing set to lapse if conditions are not met by June 30, 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. Smart Fish Wealthlink 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-20260521-12166291), on May 21, 2026, and is solely responsible for the information contained therein.