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iWOW Raises S$15.0 Million For Next Phase of Growth

Asia Pacific

iWOW Raises S$15.0 Million For Next Phase of Growth
Asia Pacific

Asia Pacific

iWOW Raises S$15.0 Million For Next Phase of Growth

2026-07-29 20:30 Last Updated At:20:46

More than 10 Institutional investors and Strategic investor

SINGAPORE - Media OutReach Newswire - 29 July 2026 - iWOW Technology Limited is pleased to announce it has completed the placement of 66,667,000 new ordinary shares at a placement price of S$0.225 per Placement Share raising gross proceeds of approximately S$15.0 million.

The Placement strengthens the Group's balance sheet following the acquisition of The Gentle Group and provides capital for the Group to accelerate its next phase of growth. Broadening the Institutional Shareholder Base

Participants include fund managers under Singapore's EQDP, Institutional investors include (in alphabetical order) Amova Asset Management, Areca Capital Sdn Bhd, Asdew Acquisitions, Avanda Investment Management Pte. Ltd. (on behalf of certain investment funds and/or managed accounts), Azure Capital, Ginko-AGT Global Growth Fund, ICH Synergrowth Fund, Lion Global Investors Ltd (as investment manager for and on behalf of its clients), Tokio Marine Life Insurance Singapore Pte. Ltd., UOB Asset Management Ltd and Value Partners Hong Kong Limited. Alongside strategic healthcare investors, notably Dr. Lim Cheok Peng, a renowned cardiologist who was Managing Director of IHH Healthcare from 2011 to 2013, who led IHH through its early growth, including its landmark 2012 dual listing on Bursa Malaysia and the Singapore Exchange, which at the time was one of the world's largest healthcare IPOs.

The strong interest from institutional and strategic investors underscores their confidence in the Group's growth strategy, and validates its plans to accelerate expansion across its AgeTech, Clinical Nutrition and IoT businesses. Participation by EQDP fund managers will broaden and deepen the Company's institutional shareholder base and is expected to support greater market visibility, trading liquidity and market depth over time.

As populations age across Asia and other developed markets, iWOW is building an integrated longevity platform centred on three complementary pillars:

* Safety – Buddy of Parents ("BOP") provides AI-powered monitoring, emergency response and fall detection, enabling seniors to live independently with greater confidence;

* Sustenance – Following the acquisition of The Gentle Group ("TGG"), iWOW offers clinically formulated therapeutic nutrition for seniors managing dysphagia, diabetes, kidney disease and other age-related conditions; and

* Social Connection – Through its collaboration with GetSetUp, iWOW helps older adults stay socially connected, digitally engaged and lifelong learners.

Together, these businesses form a differentiated ecosystem addressing the physical, nutritional and social needs of ageing populations, while strengthening long-term customer engagement.

Hashtag: #agingpopulation #investorrelations

The issuer is solely responsible for the content of this announcement.

About iWOW TECHNOLOGY LIMITED

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

HONG KONG SAR - Media OutReach Newswire - 29 July 2026

2026 Interim Results - Financial Highlights

(Figures for the corresponding period in 2025 are shown in brackets)

  • Consolidated revenue: HK$593 million (HK$ 636 million)

  • Consolidated net loss attributable to equity holders of the Company: HK$189 million (HK$ 249 million)

  • Basic loss per share: 9.28 HK cents (12.23 HK cents)

  • No interim dividend (No interim dividend)

Pacific Century Premium Developments Limited ("PCPD", SEHK: 00432) announced its interim results for the six months ended June 30, 2026.

The consolidated revenue of PCPD and its subsidiaries (together, the "Group") amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025.

The Group's consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025.

The Board of Directors did not declare an interim dividend for the first half of 2026.

For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group's financial position and reinforce its long-term growth.

Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group's results. Earnings from our recreational facilities, ski lifts, equipment rentals, "Hanazono EDGE" (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development.

On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta ("PCP Jakarta") in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta.

On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026.

The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD's long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.

Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026.

Mr. Benjamin Lam, PCPD's Deputy Chairman and Group Managing Director, said: "The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group's core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong's property market also provided a more favourable backdrop for our luxury residential development.

In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders."

Hashtag: #PacificCenturyPremiumDevelopments

The issuer is solely responsible for the content of this announcement.

About PCPD

Pacific Century Premium Developments Limited ("PCPD" or the "Group", SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited ("PCCW", SEHK: 00008) is the single largest shareholder of the Group.

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

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