Webuy Global Ltd. Appoints Award-Winning Corporate Leader Heng Wee Koon as Independent Director

Rhea-AI Summary

Webuy Global Ltd. (Nasdaq: WBUY), a leading Southeast Asian community e-commerce and travel platform, has appointed Heng Wee Koon as Independent Director and Chair of the Compensation Committee. Mr. Heng brings over 25 years of leadership experience in mergers and acquisitions, financial advisory, and corporate governance.

Currently serving as Lead Independent Director at Hyphens Pharma International Ltd., Mr. Heng's board leadership contributed to the company winning the Singapore Corporate Awards - Best Managed Board Gold Award 2024. His credentials include previous partnership at KPMG Advisory LLP, founding of Acelyr M&A and Acelyr Advisory, along with an Honours BBA, MBA, and CFA charter.

Positive

• Appointment of highly experienced director with 25+ years of leadership expertise
• New director brings significant M&A and corporate governance experience
• Strategic addition to support expansion opportunities and growth initiatives
• Director's proven track record with award-winning board leadership

Negative

• None.

Singapore, June 24, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (Webuy or the “Company”), a leading community e-commerce and travel platform in Southeast Asia, previously announced via Form 6-K the appointment of Mr. Heng Wee Koon as Independent Director and Chair of the Compensation Committee. The Company now takes the opportunity to highlight Mr. Heng’s distinguished credentials and the strategic value he brings to the Company.

Mr. Heng brings over 25 years of leadership experience spanning mergers and acquisitions, financial advisory, and corporate governance. He currently serves as Lead Independent Director at Hyphens Pharma International Ltd., where, under his board leadership, the company was awarded the Singapore Corporate Awards - Best Managed Board Gold Award 2024, recognizing its exemplary standards in corporate governance among Singapore-listed companies.

Formerly a Partner at KPMG Advisory LLP and founder of the mergers and acquisitions advisory firms Acelyr M&A and Acelyr Advisory, Mr. Heng’s brings deep expertise that will further enhance Webuy’s Board as the Company continues its rapid growth.

"We are pleased to welcome Mr. Heng Wee Koon to our Board," said Bin Xue, CEO of Webuy, "Mr. Heng’s extensive expertise in corporate governance and strategic advisory will be invaluable as we continue to scale. His braod network, cross-border transaction experience, and deep insights into mergers and acquisitions and corporate growth strategies will play a key role in driving new expansion opportunities, creating shareholder value, and supporting Webuy’s long-term ,sustainable growth."

Mr. Heng holds an Honours BBA from the National University of Singapore, an MBA from Nanjing University, and is a CFA charterholder. He is also a Senior Accredited Director of the Singapore Institute of Directors.

About Webuy Global Ltd
Webuy Global Ltd. is a technology-driven company transforming community e-commerce and travel across Southeast Asia. The Company enhances its group-buy model with predictive AI, personalized recommendations, and community-led engagement, while its travel vertical delivers curated itineraries and real-time support through its proprietary AI Travel Consultant. Webuy is committed to delivering high-quality, affordable products and travel services that improve the lives of millions across the region. For more information, visit https://www.webuy.global/.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected due to various factors, including operational execution, market dynamics, and regulatory requirements. Webuy Global Ltd. undertakes no obligation to update any forward-looking statements, except as required by law.

Webuy Global Ltd.
ir@webuy.global

FAQ

Who is the new Independent Director of Webuy Global (WBUY)?

Heng Wee Koon has been appointed as Independent Director and Chair of the Compensation Committee, bringing over 25 years of leadership experience in M&A, financial advisory, and corporate governance.

What experience does Heng Wee Koon bring to Webuy Global's board?

Heng Wee Koon brings 25+ years of leadership experience in M&A and financial advisory, serves as Lead Independent Director at Hyphens Pharma, and was formerly a Partner at KPMG Advisory LLP and founder of Acelyr M&A and Acelyr Advisory.

What are Heng Wee Koon's qualifications and credentials?

Heng Wee Koon holds an Honours BBA from the National University of Singapore, an MBA from Nanjing University, is a CFA charterholder, and a Senior Accredited Director of the Singapore Institute of Directors.

How will Heng Wee Koon's appointment benefit Webuy Global (WBUY)?

His expertise in corporate governance, M&A, and strategic advisory will help drive new expansion opportunities, create shareholder value, and support Webuy's long-term sustainable growth.