Core Viewpoint - Webuy Global Ltd. has successfully reinstated its listing on the Nasdaq Capital Market, marking a significant milestone in its recovery strategy and operational momentum [1][2]. Company Performance - The company has regained compliance with Nasdaq's minimum bid price requirement, following a comprehensive recovery strategy that included reverse stock splits and a successful appeal [2]. - In Q1 2025, Webuy reported substantial growth, particularly in its travel vertical, with over US$2.6 million in travel bookings, a 45% increase year-over-year [3]. - The travel business in Indonesia generated approximately US$1.25 million in revenue in Q1 2025, a remarkable increase of over 2,160% compared to US$55,000 in Q1 2024 [3]. Strategic Focus - The CEO emphasized the company's commitment to scaling high-margin verticals, enhancing its technology platform, and driving long-term shareholder value [4]. - Webuy plans to leverage its Nasdaq relisting to accelerate strategic initiatives across Southeast Asia, focusing on AI-driven e-commerce tools and community engagement [4]. Company Overview - Webuy Global Ltd. is a technology-driven company transforming community e-commerce and travel in Southeast Asia, utilizing predictive AI and community-led engagement [5].

Singapore, April 22, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (OTC: WBUY), a technology-driven community e-commerce and travel platform in South East Asia, today announces that on April 22, 2025, the Company filed its 2024 annual report (Form 20-F) with the U.S. Securities and Exchange Commission. The report is available at www.sec.gov and the Company's investor relations website. Webuy Global Ltd. is a forward-thinking, technology-driven company aimed at becoming the leading e- commerce and travel platfo ...

Financial Performance - For the year ended December 31, 2024, net cash used in operating activities amounted to approximately $6.99 million, primarily due to a net loss of approximately $6.78 million [327]. - For the year ended December 31, 2023, net cash used in operating activities was approximately $7.16 million, resulting from a net loss of approximately $5.16 million [328]. - The company experienced a net cash decrease of approximately $1.59 million in 2024, compared to an increase of approximately $3.78 million in 2023 [326]. - For the year ended December 31, 2024, net cash used in investing activities was approximately $0.94 million, primarily for leasehold improvements and intangible assets [330]. - For the year ended December 31, 2024, net cash provided by financing activities amounted to approximately $6.34 million, primarily from the issuance of ordinary shares and convertible notes [333]. Cash and Fundraising Activities - The company expects improved cash flows from future fundraising activities, with a non-binding offer for an equity line of credit of up to $20 million over a 36-month period [325]. - The company has raised a total of approximately $15.53 million from financing activities in 2023, mainly from IPO proceeds [334]. Compensation and Employment - The total compensation for Bin Xue, the Chief Executive Officer, increased from $67,032 in 2023 to $80,827 in 2024 [357]. - Ai Lian Phang, the Chief Financial Officer, received a total compensation of $74,542 in 2023, which includes a salary of $73,738 and other compensation of $804 [357]. - Fangqin Lin, the Independent Director and Chairwoman of the Audit Committee, received $20,581 in 2024, while her compensation for 2023 was not specified [359]. - William Tat-Nin Chang, the Independent Director and Chairman of the Compensation and Nominating Committees, saw his compensation rise from $4,486 in 2023 to $22,452 in 2024 [359]. - Lizhi Qiao, an Independent Director, received $14,968 in 2024, compared to $2,990 in 2023 [359]. - The company provides employees with medical benefits, including outpatient coverage and medical leave, in compliance with Singapore employment laws [398]. - As of December 31, 2024, the company had 174 full-time employees, categorized as follows: Management (11), Accounts and Finance (15), Customer Management and Administration (7), Information Technology (2), Warehouse Labor (17), Others (122) [397]. Corporate Governance - The company has established three committees under the Board of Directors: Audit Committee, Compensation Committee, and Nominating Committee, all consisting of independent directors [368]. - The Audit Committee is responsible for overseeing the accounting and financial reporting processes and audits of the financial statements [372]. - The company has adopted an insider trading policy allowing insiders to sell securities under pre-arranged trading plans [370]. - The Board of Directors consists of five directors, a majority of whom are independent as defined by the Nasdaq Capital Market [364]. - The company intends to adopt a code of business conduct and ethics applicable to all directors, executive officers, and employees [396]. - The company is classified as a "foreign private issuer" and may rely on home country governance practices instead of certain Nasdaq corporate governance standards [383]. - The compensation committee is responsible for reviewing and approving the compensation structure for executive officers [378]. - The board of directors has the powers necessary for managing the company's business affairs under Cayman Islands law [380]. Ownership Structure - Bin Xue, CEO, holds 141,578 Class B shares, representing 79.41% ownership in Class B and 59.36% of total shares [401]. - GBUY GLOBAL LTD, controlled by Bin Xue, holds 142,134 Class B shares, accounting for 71.42% of Class B ownership [402]. - WEBUY TALENT LTD, also controlled by Bin Xue, holds 35,577 Class B shares, representing 0% ownership in Class B and 14.92% of total shares [401]. - Michelle Ting Ting Tan, Secretary of the Board, owns 5,990 Class B shares, which is 3.36% of Class B and 2.51% of total shares [401]. - All directors and executive officers collectively own 147,568 Class B shares, equating to 82.77% of Class B and 61.87% of total shares [401]. - Bin Xue has a 74.17% equity interest in GBUY GLOBAL LTD and 100% in WEBUY TALENT LTD [401]. - The total beneficial ownership of Class B shares by Bin Xue and associated entities is significant, indicating strong control over voting power [401]. - The company has a concentrated ownership structure, with a few individuals holding the majority of shares [401]. - The data reflects a strategic alignment of ownership and control among key executives and directors [401]. Labor Relations - The company has not engaged in any labor disputes and maintains good relationships with its employees [398]. - The company has not compensated its directors for their services other than reimbursing out-of-pocket expenses incurred in connection with their attendance at meetings for the fiscal years ended December 31, 2024 and 2023 [393].

Core Viewpoint - Webuy Global Ltd. is facing delisting from Nasdaq due to non-compliance with the minimum bid price requirement but is actively pursuing a compliance plan and expanding its AI-driven business model to enhance growth and shareholder value [2][3][6]. Nasdaq Compliance and Appeal Process - On January 22, 2025, Webuy received a delisting notice from Nasdaq for failing to meet the $1.00 minimum bid price requirement, leading to suspension of trading on January 31, 2025 [2]. - The company has formally appealed the delisting decision and is scheduled to present its compliance plan at a hearing on February 27, 2025 [3]. Reverse Stock Split and Compliance Plan - Shareholders approved a reverse stock split at the AGM on December 18, 2024, with a ratio of 1-for-10 to 1-for-40, and the Board approved a 1-for-40 split on January 15, 2025 [4]. - Following the delisting notice, Webuy's shares are now traded on the OTC market, requiring additional approval from FINRA for the reverse split, with an application submitted on February 3, 2025 [5]. Strong Business Performance and AI Expansion - Despite procedural challenges, Webuy remains financially robust, having raised $3.6 million in a registered direct offering on December 17, 2024, to enhance its AI-powered solutions in e-commerce and travel [6]. - The company is committed to regaining its Nasdaq listing and executing its AI-driven growth strategy to create long-term shareholder value [6]. About Webuy Global Ltd. - Webuy is a technology-driven company aiming to be the leading e-commerce and travel platform in Southeast Asia, utilizing advanced AI technologies to enhance its 'group buy' model and provide personalized travel solutions [7]. - The company focuses on improving customer experiences through innovations like personalized itinerary planning and predictive demand analytics [8].

Core Viewpoint - Webuy Global Ltd. has received a delisting determination from Nasdaq due to non-compliance with the Minimum Bid Price Rule, which requires a minimum bid price of $1.00 per share [1][2]. Group 1: Nasdaq Compliance and Delisting - The Company failed to achieve a closing bid price of at least $1.00 per share for 10 consecutive business days within the compliance period, which included an initial 180-calendar-day period and a subsequent extension [2]. - Nasdaq has issued a Staff Delisting Determination, and trading of the Company's Class A ordinary shares will be suspended starting January 29, 2025 [1][4]. Group 2: Appeal Process - The Company plans to appeal Nasdaq's determination by requesting a hearing before a Nasdaq Hearings Panel, with the request due by 4:00 p.m. Eastern Time on January 29, 2025 [3]. - Hearings are typically scheduled to occur approximately 30-45 days after the hearing request is filed [3]. Group 3: Future Trading and Compliance Efforts - Following the suspension, the Company's Class A ordinary shares are expected to trade on OTC while awaiting the Panel's decision [4]. - The Company is committed to regaining compliance with the Minimum Bid Price Rule and will make reasonable efforts to do so, although there is no assurance of success [4][5]. Group 4: Company Overview - Webuy Global Ltd. is a technology-driven company focused on becoming a leading e-commerce and travel platform in Southeast Asia, utilizing advanced AI technologies to enhance its services [6]. - The Company aims to improve the lives of millions in Southeast Asia by providing high-quality, affordable products, services, and travel experiences [6].

Core Insights - Webuy Global Ltd. has been recognized in Singapore's Fastest-Growing Companies 2025, highlighting its exceptional revenue growth and commitment to innovation from 2020 to 2023 [1][2] - The evaluation by The Straits Times and Statista emphasized Webuy's impressive Compound Annual Growth Rate (CAGR) and organic revenue expansion, solidifying its position as a leading enterprise in Singapore [2] Company Overview - Webuy Global Ltd. is a technology-driven company aiming to become the leading e-commerce and travel platform in Southeast Asia, utilizing advanced AI technologies to enhance its 'group buy' model [4] - The company offers personalized recommendations, predictive demand analytics, and community interactions, along with AI-powered travel solutions like its proprietary AI Travel Consultant [4] - Webuy is dedicated to improving the lives of millions in Southeast Asia by providing high-quality, affordable products, services, and travel experiences [4]

Core Insights - Webuy Global Ltd. has been recognized in Singapore's Fastest-Growing Companies 2025, highlighting its exceptional revenue growth and commitment to innovation from 2020 to 2023 [1][2] - The evaluation by The Straits Times and Statista focused on the company's impressive Compound Annual Growth Rate (CAGR) and organic revenue expansion, solidifying its position as a leading enterprise in Singapore [2] - CEO Vincent Xue Bin emphasized that this recognition reflects the dedication of the team and the trust of customers and partners, motivating the company to continue driving innovation and expanding its reach [3] Company Overview - Webuy Global Ltd. is a technology-driven company aiming to become the leading e-commerce and travel platform in Southeast Asia [4] - The company leverages advanced AI technologies to enhance its 'group buy' model, providing personalized recommendations and predictive demand analytics [4] - Webuy integrates AI-powered travel solutions, including a proprietary AI Travel Consultant, to offer personalized itineraries and real-time support, aiming to improve the lives of millions in Southeast Asia [4]

Core Insights - Webuy Global Ltd achieved significant success with its Disney cruise campaign, utilizing its Micky1.0 Travel AI on WhatsApp to enhance customer engagement and financial performance [1][6] - The campaign effectively directed leads to Micky1.0, which provided real-time customer support and tailored recommendations, showcasing the integration of AI technology with human expertise [2][6] Financial Achievements - The Disney campaign, conducted from December 10th to 23rd, 2024, resulted in a Receivable Booking Value (RBV) of SGD 465,527 and Booking Revenue of SGD 162,202, indicating a strong financial impact from the initiative [3] Strategic Vision - Webuy Global Ltd aims to become a leading e-commerce and travel platform in Southeast Asia by leveraging advanced AI technologies to enhance its 'group buy' model and provide personalized travel solutions [4] - The company is committed to improving the lives of families in Southeast Asia by offering high-quality, affordable products and services, including innovative travel experiences [4] Future Outlook - The CEO of Webuy Global Ltd emphasized the importance of the AI-driven approach in enhancing customer experiences and driving sales, expressing optimism about scaling Micky1.0 and similar innovations for greater value creation [6]

Core Viewpoint - Webuy Global Ltd has successfully closed a registered direct offering, raising approximately $3.7 million through the sale of 21,013,239 Class A ordinary shares at a price of $0.1756 per share [1][2]. Group 1: Offering Details - The offering involved the sale of Class A ordinary shares and prefunded warrants, with the purchase price for the prefunded warrants set at $0.1755 per share, minus an exercise price of $0.0001 per share [1]. - D. Boral Capital LLC served as the exclusive placement agent for the offering, while Ortoli Rosenstadt LLP and Hunter Taubman Fischer & Li LLC acted as legal counsel for the company and the placement agent, respectively [2]. Group 2: Regulatory Information - The offering was conducted under a "shelf" registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on December 3, 2024 [3]. - A prospectus supplement detailing the terms of the offering was filed with the SEC, and copies can be accessed through the SEC's website or by contacting the placement agent [4]. Group 3: Company Overview - Webuy Global Ltd is a technology-driven e-commerce and travel platform focused on Southeast Asia, utilizing advanced AI technologies to enhance its services [6]. - The company aims to improve the shopping and travel experiences for families in Southeast Asia by offering high-quality, affordable products and services [6].

Core Viewpoint - Webuy Global Ltd. has successfully closed a registered direct offering, raising approximately $3.7 million through the sale of 21,013,239 Class A ordinary shares at a price of $0.1756 per share [1][2]. Group 1: Offering Details - The offering involved the sale of 21,013,239 Class A ordinary shares, with a purchase price of $0.1756 per share and pre-funded warrants priced at $0.1755 [1]. - Gross proceeds from the offering are estimated to be around $3.7 million, before deducting fees and expenses [2]. - D. Boral Capital LLC served as the exclusive placement agent for the offering, with legal counsel provided by Ortoli Rosenstadt LLP for the Company and Hunter Taubman Fischer & Li LLC for the placement agent [3]. Group 2: Regulatory Information - The offering was conducted under a "shelf" registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on December 3, 2024 [4]. - The terms of the offering were detailed in a prospectus supplement filed with the SEC, which can be accessed through the SEC's website [5]. Group 3: Company Overview - Webuy Global Ltd. is a technology-driven e-commerce and travel platform focused on Southeast Asia, utilizing advanced AI technologies to enhance its 'group buy' model and provide personalized recommendations [7]. - The Company aims to improve the lives of families in Southeast Asia by offering high-quality, affordable products and services, as well as AI-powered travel solutions [7].