U-BX Technology Ltd. Announces Completion of $4.55 Million Registered Direct Offering

(SeaPRwire) –   Beijing, China, April 28, 2026 — U-BX Technology Ltd. (NASDAQ: UBXG) (the “Company”), a prominent provider of value-added services leveraging artificial intelligence-driven technology for insurance industry businesses—including carriers and brokers—today revealed the completion of its previously disclosed registered direct offering with multiple investors. Under the offering, a total of 15,166,668 units of the company’s securities were sold at a combined purchase price of $0.30 per unit. Each unit comprises (i) one Class A ordinary share (par value $0.0016 per share, referred to as “Class A Ordinary Shares”) and (ii) one warrant (each a “Warrant”) entitling the holder to purchase 0.3 of a Class A Ordinary Share. 

The gross proceeds from the registered direct offering are estimated to be approximately $4.55 million, before deducting placement agent fees and other projected offering expenses.

FT Global Capital, Inc. served as the lead placement agent for the offering, while Kingswood Capital Partners, LLC acted as co-placement agent.

Concord & Sage PC provided legal counsel to the company.

The securities offered in this transaction were made available pursuant to a “shelf” registration statement on Form F-3 (File No. 333-291797) that the company filed with the U.S. Securities and Exchange Commission (“SEC”) and which the SEC declared effective on December 15, 2025, along with the accompanying prospectus contained in that statement.

The offering was conducted solely via a prospectus supplement and the accompanying prospectus. The prospectus supplement outlining the terms of the offering was filed with the SEC. Copies of the prospectus supplement and related accompanying prospectus can be obtained from the SEC’s website at http://www.sec.gov or by contacting FT Global Capital Inc. at 1688 Meridian Avenue Suite 700, Miami Beach, FL 33139 USA. For a more detailed description of the securities in this offering, please refer to the company’s SEC filings at: https://www.sec.gov/edgar/search/#/ciks=0001888525&entityName=U-BX%2520Technology%2520Ltd.%2520(UBXG)%2520(CIK%25200001888525)

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. Additionally, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About the Company

Headquartered in Beijing, U-BX Technology Ltd. is a Chinese insurance technology provider. The company focuses on delivering value-added services using AI-driven technology to businesses in the insurance industry. Its core services and products include: 1) Digital promotion services: The company helps institutional clients boost social media visibility and generate revenue through consumer engagement and targeted promotions. 2) Risk assessment services: The company has developed a proprietary algorithm named “Magic Mirror” that calculates auto insurance payout risks based on vehicle information. Insurance carriers purchase personalized risk reports from this algorithm, which uses AI and optical character recognition technology to produce detailed assessments—including accident likelihood, potential claims, and estimated settlement amounts. 3) Value-added bundled benefits for insurance carriers: These packages include auto maintenance services, auto value-added services, vehicle relocation notification services, and more. For additional information, visit: https://www.u-bx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking. These statements involve known and unknown risks and uncertainties, and are based on the company’s current expectations and projections about future events that it believes may impact its financial condition, operational results, business strategy, and financial needs. Investors can identify these forward-looking statements by terms such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or similar expressions. The company is not obligated to publicly update or revise any forward-looking statements to reflect subsequent events or changes in expectations, except as required by law. While the company believes the expectations in these statements are reasonable, it cannot guarantee they will be correct. The company cautions investors that actual results may differ materially from anticipated outcomes and encourages them to review other factors affecting future results in its registration statement and other SEC filings.

For more information, please contact:

pr@u-bx.com