Wecon Holdings Limited (“Wecon” or “the Company”) and Triple Arch Limited (“Triple Arch” or “the Offeror”) have jointly dispatched the scheme document for the proposed privatisation of Wecon via a scheme of arrangement under Section 86 of the Cayman Islands Companies Act.

Key Elements of the Proposal

1. Transaction structure • Triple Arch seeks to privatise Wecon by cancelling all Scheme Shares in exchange for cash (cancellation price previously disclosed in the 16 March 2026 joint announcement). • Concurrent capital reduction and issuance of an equal number of new shares to Triple Arch will restore Wecon’s share capital. • Following effectiveness of the scheme, Wecon’s shares will be withdrawn from the Hong Kong Stock Exchange.

2. Governance and Independent Assessments • An Independent Board Committee comprising Dr Lau Chi Keung, Mr Chan Tim Yiu Raymond and Mr Sze Kwok Wing Nigel recommends Independent Scheme Shareholders vote in favour of the proposal. • Gram Capital Limited, serving as Independent Financial Adviser, concludes the offer terms are fair and reasonable and advises supporting votes at both the Court Meeting and the Extraordinary General Meeting (EGM).

Key Timetable (Hong Kong Time)

• Despatch of scheme document: 1 June 2026 • Register closure for meeting eligibility: 18 – 24 June 2026 • Court Meeting: 11:30 a.m., 24 June 2026 • EGM: 12:00 p.m. (or immediately after Court Meeting), 24 June 2026 • Results announcement: no later than 7:00 p.m., 24 June 2026 • Expected last trading day: 2 July 2026 • Court hearing to sanction scheme: 14 July 2026 (Cayman time) • Scheme Record Date / Effective Date: 22 July 2026 • Delisting effective: 4:00 p.m., 24 July 2026 • Cheque despatch for cancellation consideration: on or before 31 July 2026

Conditions Precedent

The proposal remains subject to: • Approval by a majority in number representing at least 75% in value of Scheme Shareholders present and voting at the Court Meeting; • Sanction by the Grand Court of the Cayman Islands; • Fulfilment or waiver of all other conditions listed in the explanatory memorandum, on or before the long-stop date; otherwise, the scheme will lapse.

Operational Implications

Upon court sanction and effectiveness, the scheme becomes binding on all Scheme Shareholders, regardless of voting status, and Wecon’s listing status will be withdrawn. Share transfers will be suspended from 10 July 2026 pending completion. Cash consideration will be remitted to eligible shareholders within seven business days after the Effective Date.

Risk Reminder

Implementation of the proposal is not assured. Shareholders and potential investors are urged to exercise caution when dealing in Wecon shares and to review the scheme document, Independent Board Committee recommendation, and Independent Financial Adviser’s advice in full before voting.