Wenge AI Announces Partial Exercise of Over-Allotment Option, Price Stabilization Actions, and Conclusion of Stabilization Period

Deep News07-27

Wenge AI (01956.HK) has released an announcement regarding developments in its global offering.

On Thursday, July 23, 2026, after the trading session, the joint coordinators, acting on behalf of the international underwriters, partially exercised the over-allotment option. This involved a total of 1.335 million shares, representing approximately 9.00% of the total number of initially available offer shares under the global offering before the exercise of the over-allotment option. This action was taken to facilitate the delivery of H shares to cornerstone investors who had agreed to delay the receipt of their shares under their respective cornerstone investment agreements.

In accordance with Section 9(2) of the Securities and Futures (Price Stabilization) Rules (Chapter 571W of the Laws of Hong Kong), the company announced that the price stabilization period related to the global offering concluded on Thursday, July 23, 2026. This date marks the 30th day after the deadline for submitting applications for the Hong Kong public offering.

This information was sourced from a financial media outlet and is intended for reference purposes only. It does not constitute financial advice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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