WeBuy Global Ltd, a foreign private issuer, has filed a report with the United States Securities and Exchange Commission (SEC) on May 7, 2024, detailing a debt settlement and mutual release agreement. The agreement, dated May 6, 2024, addresses the settlement of loans totaling US$400,000 previously extended to New Retail International Pte. Ltd., a wholly owned subsidiary of WeBuy Global, by lenders Phua Kai Hwee and Yong Hui Yee on November 2, 2022, and August 2, 2023, respectively. In settlement of these loans, WeBuy Global issued a total of 984,494 Class A ordinary shares, divided equally between the two lenders, with each share valued at US$0.4063, based on the closing price on Nasdaq as of May 3, 2024. The shares issued are subject to the restrictions of Rule 144 of the Securities Act of 1933. The report was signed by Bin Xue, CEO of WeBuy Global Ltd.

WeBuy Global Ltd, a foreign private issuer, has filed a report with the United States Securities and Exchange Commission (SEC) on May 7, 2024, detailing a debt settlement and mutual release agreement. The agreement, dated May 6, 2024, addresses the settlement of loans totaling US$400,000 previously extended to New Retail International Pte. Ltd., a wholly owned subsidiary of WeBuy Global, by lenders Phua Kai Hwee and Yong Hui Yee on November 2, 2022, and August 2, 2023, respectively. In settlement of these loans, WeBuy Global issued a total of 984,494 Class A ordinary shares, divided equally between the two lenders, with each share valued at US$0.4063, based on the closing price on Nasdaq as of May 3, 2024. The shares issued are subject to the restrictions of Rule 144 of the Securities Act of 1933. The report was signed by Bin Xue, CEO of WeBuy Global Ltd.