AGBA Celebrates Major Milestone with Successful Completion of Private Placement at a Premium to Market Price

Core Viewpoint - AGBA Group Holding Limited successfully completed a private placement of ordinary shares and warrants, raising approximately $5.13 million, which reflects strong investor confidence in the company's growth potential and franchise strength [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 7,349,200 ordinary shares and warrants to purchase up to 1,469,840 ordinary shares at a price of $0.70 per share [1]. - The company anticipates gross proceeds of approximately $5,128,960 from this transaction [1]. Group 2: Management Commentary - Mr. Wing-Fai Ng, Group President, emphasized that the successful completion of the private placement highlights the strength and potential of AGBA's business [2]. - He noted that the current share price does not reflect the true value of the company, expressing optimism about future opportunities and the commitment to delivering exceptional value to shareholders [2]. Group 3: Company Overview - Established in 1993, AGBA Group is a leading one-stop financial supermarket in Hong Kong, offering a wide range of financial services and healthcare products [3]. - The company serves over 400,000 individual and corporate customers and operates through four main business segments: Platform Business, Distribution Business, Healthcare Business, and Fintech Business [3].