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HTFL’S CLIENT EF HUTTON, DIVISION OF BENCHMARK INVESTMENTS, LLC SUCCESSFULLY CLOSED WEBUY GLOBAL LTD’S INITIAL PUBLIC OFFERING

Closing date: October 20, 2023

Ying Li

Guillaume de Sampigny

WEBUY GLOBAL LTD, a Cayman Islands exempted company, announced today the closing of its initial public offering of 3,800,000 ordinary shares at a public offering price of $4.00 per share for aggregate gross proceeds of approximately $15.2 million, prior to deducting underwriting discounts and offering expenses.

EF Hutton, division of Benchmark Investments, LLC acted as the representative of the underwriters of the offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to EF Hutton, division of Benchmark Investments, LLC.

Hunter Taubman Fischer & Li LLC is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.