Wing Yip Food (WYHG) sets KRW22.4B private share placement plan

Rhea-AI Filing Summary

Wing Yip Food Holdings Group Limited has called its 12th Extraordinary General Meeting for August 10, 2026 in Seoul to seek shareholder approval for new capital-raising powers and a private share placement.

The company proposes issuing 14,000,000 new ordinary shares at KRW1,600 per share, for total proceeds of KRW 22,400,000,000 (approximately HKD 113,647,894.47). The shares will be privately placed with Wang Tingfeng, Wong Sio Chan and Rui Xing International Holdings Limited, each subject to a one-year lock-up period.

Payment for the new shares is due on August 10, 2026, with issuance expected on September 9, 2026, subject to shareholder approval and Hong Kong regulatory procedures. The company plans to use the funds over several years for working capital, including procurement costs, marketing expenses and research and development.

Insights

Equity capital markets analyst

Wing Yip Food plans a sizeable, locked-up private share placement to fund growth spending.

Wing Yip Food Holdings Group Limited is asking shareholders at its August 2026 EGM to authorize broad issuance powers and approve a private placement of 14,000,000 new ordinary shares at KRW1,600 per share, raising KRW 22,400,000,000.

The three named subscribers will be subject to a one-year lock-up, which limits immediate secondary selling. Proceeds are allocated across procurement, marketing and research & development, each receiving 8,960 million KRW, 8,960 million KRW and 4,480 million KRW respectively across 2026 and later periods.

The transaction’s overall impact will depend on the company’s existing share base and how effectively the new capital supports operations and product development. Subsequent filings and shareholder voting outcomes will clarify whether the placement and new issuance authority move forward as proposed.

Key Figures

New shares to be issued: 14,000,000 shares Issue price per share: KRW 1,600 per share Total issue size: KRW 22,400,000,000 +5 more

8 metrics

New shares to be issued 14,000,000 shares Aggregate new ordinary shares in private placement

Issue price per share KRW 1,600 per share Pricing of new ordinary shares

Total issue size KRW 22,400,000,000 Gross proceeds from private placement

Total issue size in HKD HKD 113,647,894.47 Equivalent value of placement

Procurement costs allocation 8,960 million KRW Working capital use across 2026, 2027 and after 2027

Marketing expenses allocation 8,960 million KRW Working capital use across 2026, 2027 and after 2027

R&D allocation 4,480 million KRW Research & development funding across 2026, 2027 and after 2027

Lock-up period 1 year Restriction on transfer of new shares after issuance

Key Terms

Extraordinary General Meeting, private placement, lock-up period, working capital, +1 more

5 terms

Extraordinary General Meeting regulatory

"to convene the 12th Extraordinary General Meeting of the Company"

private placement financial

"proposed Private Placement of New Shares"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

lock-up period financial

"will be subject to a lock-up period of one (1) year"

A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.

working capital financial

"The intended use of proceeds is as follows Purpose ... Working Capital"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

Research & Development financial

"Working Capital | Research & Development | 1,792 million KRW"

Research & development are the activities a company uses to discover, design and test new products, services or ways of working — from laboratory experiments and prototypes to clinical trials or software development. For investors it signals where future sales and profits may come from: R&D is like planting seeds today that can grow into competitive advantages and new revenue, but it also consumes cash now and creates uncertainty about timing and success.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What is Wing Yip Food (WYHG) asking shareholders to approve at the August 2026 EGM?

Wing Yip Food seeks shareholder approval to delegate full authority to its Board to issue new shares, bonds and other securities, and to approve a private placement of 14,000,000 new ordinary shares for KRW 22.4 billion to three named subscribers.

How large is Wing Yip Food’s proposed private placement and at what price?

The company plans to issue 14,000,000 new ordinary shares at KRW1,600 per share. This results in a total issue size of KRW 22,400,000,000, equivalent to approximately HKD 113,647,894.47, subject to shareholder approval and regulatory procedures.

Who will subscribe for the new Wing Yip Food (WYHG) shares in the private placement?

The placement will be subscribed by Wang Tingfeng with 7,000,000 shares, Wong Sio Chan with 3,500,000 shares, and Rui Xing International Holdings Limited with 3,500,000 shares, together totaling 14,000,000 new ordinary shares if the proposal is approved.

What is the timeline for payment and issuance of the new Wing Yip Food shares?

Payment for the new shares is due on August 10, 2026, the date of the Extraordinary General Meeting. The company expects to issue the shares on September 9, 2026, subject to shareholder approval and completion of Hong Kong registration and other regulatory filings.

How will Wing Yip Food (WYHG) use the KRW 22.4 billion in placement proceeds?

Proceeds are earmarked as working capital, including procurement costs, marketing expenses and research & development. Procurement and marketing each receive 8,960 million KRW across 2026 and 2027, while research & development is allocated 4,480 million KRW over the same multi-year period.

Will the new Wing Yip Food placement shares be subject to a lock-up period?

Yes. The new ordinary shares issued in the private placement will be subject to a one-year lock-up period. They will be delivered through the Securities Agency Department of the Korea Securities Depository after regulatory procedures and shareholder approval are completed.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2026

Commission File Number: 001-42407

Wing Yip Food Holdings Group Limited

No. 9, Guanxian North Rd

Huangpu Town, Zhongshan City

Guangdong, People’s Republic of China 528429

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒     Form 40-F ☐

Extraordinary General Meeting

On June 29, 2026, the Board of Directors of Wing Yip Food Holdings Group Limited (the “Company”) resolved by written resolutions to convene the 12th Extraordinary General Meeting of the Company (the “EGM”). The EGM will be held on Monday, August 10, 2026, at 10:00 a.m. at E-room Center, 22 Uisadang-daero, Yeongdeungpo-gu, Seoul, Korea. The record date for determining shareholders entitled to exercise voting rights at the EGM is July 14, 2026, pursuant to Article 128 of the Articles of Association of the Company (the “Articles of Association”).

The following matters will be considered at the EGM:

Resolution No. 1 — Authorization to the Board of Directors to Issue New Shares, Bonds and Other Securities

The Company proposes that, pursuant to Article 8(b) of the Articles of Association and the circumstances specified therein (including the applicable allottees, where relevant), full authority to issue and allot new shares, bonds and other securities be delegated to the Board of Directors.

Resolution No. 2 — Approval of the Proposed Private Placement of New Shares

The Board of Directors proposes to issue an aggregate of 14,000,000 new ordinary shares (the “New Shares”) by way of private placement to the following subscribers on the following terms:

Subscriber		Number of Shares				Amount (KRW)				Amount (HKD)
WANG TINGFENG			7,000,000				11,200,000,000				56,823,947.23
WONG SIO CHAN			3,500,000				5,600,000,000				28,411,973.62
RUI XING INTERNATIONAL HOLDINGS LIMITED			3,500,000				5,600,000,000				28,411,973.62
Total			14,000,000				22,400,000,000				113,647,894.47

The New Shares will be issued at a price of KRW1,600 per share for a total issue size of KRW 22,400,000,000 (HKD 113,647,894.47). Payment is due on August 10, 2026, with the New Shares expected to be issued on September 9, 2026, subject to the approval by the Company’s shareholders and the progress of Hong Kong registration and other regulatory filing procedures. The New Shares will be delivered through the Securities Agency Department of the Korea Securities Depository (KSD) and will be subject to a lock-up period of one (1) year.

The intended use of proceeds is as follows:

Purpose		Description		2026		2027		After 2027		Total
Working Capital		Procurement Costs		3,584 million KRW		3,584 million KRW		1,792 million KRW		8,960 million KRW
Working Capital		Marketing Expenses		3,584 million KRW		3,584 million KRW		1,792 million KRW		8,960 million KRW
Working Capital		Research & Development		1,792 million KRW		1,792 million KRW		896 million KRW		4,480 million KRW
Total				8,960 million KRW		8,960 million KRW		4,480 million KRW		22,400 million KRW

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Wing Yip Food Holdings Group Limited
Date: June 29, 2026	By:	/s/ Xiantao Wang
	Name:	Xiantao Wang
	Title:	Director and Chairman of the Board

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