WRISE Group to Acquire 20% Stake in IFCG, Deepening Strategic Partnership

Proposed transaction will strengthen collaboration between WRISE and IFCG across technology, knowledge-sharing and regional connectivity

HONG KONG SAR/SINGAPORE/BANGKOK, THAILAND/BEIJING, CHINA – Media OutReach Newswire – 20 October 2026 – WRISE Group ("WRISE"), an independent wealth management group, today announced the acquisition of a 20% stake in IFCG Public Company Limited ("IFCG"), subject to regulatory approvals and other customary closing conditions.

The proposed transaction deepens the existing strategic alliance between the two firms and represents a strategic investment by WRISE in one of Asia's fastest-developing wealth markets. It reflects WRISE's broader strategy of investing in established businesses with strong local expertise and supporting their continued development through technology, knowledge-sharing and regional connectivity.

Thai high-net-worth individuals, entrepreneurs and families have increasingly sophisticated wealth needs and are seeking more comprehensive solutions and greater connectivity with regional and global markets. IFCG is well positioned to respond to these evolving needs through its established local presence, market expertise and network of more than 400 advisors.

Following completion of the transaction, IFCG intends to explore the progressive adoption of WRISE's technology capabilities, including WAIOS, WRISE's AI operating system for advisors, to support the continued development of its advisor capabilities.

IFCG will continue to lead its advisory and distribution activities in Thailand, supported by its local expertise and established client relationships. WRISE and IFCG will also explore opportunities for deeper technology collaboration, knowledge-sharing and connectivity across regional markets.

Derrick Tan, Group Chief Executive Officer of WRISE Group, said:

"Thailand is a strategically important wealth market in Asia, supported by a growing community of high-net-worth individuals, entrepreneurs and families with increasingly sophisticated needs. This proposed investment takes our partnership with IFCG to the next level and reflects our confidence in IFCG's local expertise, established advisor network and long-term growth potential.

"Through this deeper relationship, we look forward to supporting IFCG's continued development through technology, knowledge-sharing and greater regional connectivity. It reflects WRISE's approach to technology: Human-led, AI-scaled."

Withoon Lertpanomwan, Chief Executive Officer of IFCG Public Company Limited, said:

"This proposed investment represents an important milestone for IFCG and a further deepening of our strategic relationship with WRISE. WRISE's technology capabilities and regional expertise will support the continued development of our advisor capabilities and strengthen our ability to respond to the evolving needs of clients.

"We see this as a strong foundation for IFCG's next phase of growth and for the continued development of Thailand's wealth management industry."

The transaction is expected to be completed by the end of Q4 2026, subject to regulatory approvals and the fulfilment of other customary closing conditions.

Hashtag: #WRISE

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

About WRISE

WRISE is one of Asia's fastest-growing financial firms, driven by strategic acquisitions of companies with deep expertise and solid foundations. With a strong presence across key financial hubs including Singapore, Hong Kong, Dubai, Tokyo, Shanghai, Shenzhen, Changsha, Chengdu, Wuxi, Taipei and Vancouver, WRISE is home to one of the largest networks of independent qualified advisors. With over 600 employees located globally, supported by an ecosystem of over 200 financial intermediaries and access to eight booking centres worldwide, WRISE ensures unparalleled service and expertise in navigating today's financial landscape.

WRISE Group of companies include WRISE Wealth Management (Singapore), WRISE Wealth Management (Hong Kong), WRISE Wealth Management Middle East Ltd (DIFC, regulated by the DFSA), WRISE Prestige (Hong Kong), WRISE Prestige Securities (Hong Kong), WRISE Prestige Asset Management (Hong Kong), WRISE Capital (Hong Kong), WRISE Financial Services (Hong Kong), and affiliates including WeWrise Services.

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MANILA, PHILIPPINES – Media OutReach Newswire – 20 October 2026 – VinFast VF 3, the best-selling electric mini-SUV of VinFast Philippines, has claimed the top spot in the local BEV segment after recording 2,906 units sold from January to August 2026 according to the CAMPI report.

The VinFast VF 3 is the Philippines' best-selling BEV, underscoring its strong consumer appeal and helping accelerate the transition to greener mobility.

Dubbed as the "Tiny Titan," the VF 3 asserted its popularity among first-time Filipino EV owners looking for compact and practical vehicles. Already gaining strong traction before recent oil price hikes, the VF 3 saw demand surge during the global energy uncertainty as volatile domestic fuel prices pushed Filipino motorists towards cost-efficient mobility options.

Beyond the impressive specifications of the VF 3, the model's market dominance is credited to VinFast's comprehensive Ownership System that helps address key barriers to EV adoption. The number one BEV brand's first-of-its-kind initiatives such as the Battery Subscription Policy, which lowers upfront costs, and the Residual Value Guarantee Program, which protects long-term asset value, continue to appeal to Filipinos looking for practical mobility solutions. Coupled with its free charging program until March 31, 2029, the brand's expanding charging networks in the country builds a strong total cost of ownership case for VF 3, attracting Filipinos to make the EV shift amidst fuel price volatility.

Mr. Antonio "Toti" Zara III, CEO of VinFast Philippines, said: "We are deeply grateful and incredibly proud of the warm reception that VF 3 received in the Philippines. Achieving the number one spot is a milestone that demonstrates Filipino drivers' readiness to embrace electric mobility when backed by an ecosystem that supports their entire journey. The incredible reception of the VF 3 proves that eliminating traditional barriers through our comprehensive Ownership System makes going electric a seamless, practical choice. But the Tiny Titan leading the charts is only the beginning of our mission in the country, as we vow to continuously expand and evolve this ecosystem to ensure sustainable EV ownership remains accessible, effortless, and dependable for every Filipino motorist."

The VF 3's success in the Philippine market reflects consumer reception and the model's suitability for local mobility needs. To continue meeting consumer needs and enhancing the ownership experience, VinFast is steadily expanding its vehicle lineup and further developing its comprehensive Ownership System – encompassing growing dealership networks across the Philippines, the Battery Subscription and the Residual Value Guarantee programs, the V-Green network, and dedicated aftersales support. VinFast continues to remove barriers to EV ownership and make electric driving a practical, seamless choice for Filipinos.

VinFast is expected to sustain this momentum by continuing to expand its charging network and dealership footprint across the country. To experience the country's best-selling electric mini-SUV firsthand, customers are invited to book a test drive or visit any authorized VinFast dealership nationwide.

Hashtag: #VinFast

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

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