Zhitong Finance App News, Wanwei Intelligent Technology (00209) issued an announcement regarding matters relating to Wang Jingyu, the main shareholder, plans to sell up to 299 million shares of the company. The board of directors of the Company was informed by Ms. Wang Jingyu that all placed shares have been successfully placed to no less than six undertakers at a price of HK$0.33 per placed share. According to the directors' knowledge, knowledge and conviction after making all reasonable inquiries, (i) the undertakers and their respective ultimate beneficial owners are third parties that are independent of the Company and their related persons and have no connection with or acting in accordance with them; and (ii) none of the undertakers became major shareholders of the Company after the completion of the private placement.

Following the completion of the private placement, Peak Access no longer holds any shares and is therefore no longer a major shareholder of the Company.

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