Poly Xverse Intelligent Technology Co. Ltd announced the successful completion of a private placement of existing shares originally disclosed on 16 July 2026. Chairlady and Chief Executive Officer Wang Jingyu confirmed that all placing shares were sold to no fewer than six independent investors at HK$0.33 per share.
All placees and their ultimate beneficial owners are independent of the company, its connected persons and one another, and none has become a substantial shareholder as a result of the transaction.
Following the placement, vendor Peak Access no longer holds any shares in Poly Xverse, thereby ceasing to be a substantial shareholder.
The board remains chaired by Wang Jingyu and includes executive directors Yiu Chun Kong and An Pingyan, with independent non‐executive directors Wu Yan Yee, Wong Tin Ying Jade and Guo Jianwei.
The announcement was issued in Hong Kong on 17 July 2026.
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