SK3 Group Inc. (SKTO)

[Blue Dress]

WPFH Completes $756 Million Acquisition of Henry Jan's Vezbi Super App

April 27, 2023

Under the terms of the acquisition agreement signed in January 2023, six shareholders of Vezbi holding a total of 23,506,761 common shares of Vezbi representing 87 percent of the total Vezbi shares outstanding, proposed to acquire control of WPFH by the exchange of 10 shares of WPFH common stock for each common share of Vezbi, or a total of for 234,067,610 new WPFH common shares.

The transaction is expected to be treated as a reverse merger for accounting purposes, although Vezbi will operate as a controlled subsidiary of WPFH for the near future.

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https://www.globenewswire.com/en/news-release/2023/01/11/2586676/0/en/Why-Tech-Innovator-Henry-Jan-s-New-Vezbi-Super-App-Will-Change-Your-Life-and-the-World.html

https://www.globenewswire.com/en/news-release/2023/04/27/2656932/0/en/WPF-Holdings-Completes-Acquisition-of-Vezbi-Super-App.html

https://www.globenewswire.com/en/news-release/2023/05/04/2661822/0/en/Vezbi-Super-App-Completes-10m-Acquisition-of-Digital-Wallet.html

https://investorshub.advfn.com/WPF-Holdings-Inc-21391?nextstart=1886

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