HONG KONG, April 02, 2025 — Waton Financial Limited (“WTF” or the “Company”), a holding company incorporated in the British Virgin Islands that offers securities brokerage and financial technology services primarily through its Hong Kong-based subsidiaries, Waton Securities International Limited and Waton Technology International Limited, announced today the completion of its initial public offering of 4,375,000 ordinary shares, with no par value per share (the “Ordinary Shares”), at a public offering price of $4.00 per share (the “Offering”) on April 2, 2025 (the “Closing Date”). The Offering generated gross proceeds of $17,500,000, prior to deducting underwriting discounts and commissions and offering expenses. The Ordinary Shares commenced trading on the Nasdaq Capital Market under the ticker symbol “WTF” on April 1, 2025.

On the Closing Date, the Company also finalized the sale of an additional 656,250 Ordinary Shares, following the full exercise of the over-allotment option granted to the underwriters in connection with the Offering, at the public offering price of $4.00 per share. This resulted in additional gross proceeds of $2,625,000 for the Company, before deducting underwriting discounts and offering expenses.

The Offering was executed on a firm commitment basis. CATHAY SECURITIES, INC. served as the representative of the underwriters for the Offering, with Dominari Securities LLC acting as co-underwriter (collectively, the “Underwriters”). Carey Olsen Singapore LLP, Han Kun Law Offices LLP, and Hunter Taubman Fischer & Li LLC served as British Virgin Islands legal counsel, Hong Kong legal advisers, and U.S. securities counsel, respectively, to the Company. Kaufman & Canoles, P.C. acted as U.S. securities counsel to the Underwriters for the Offering.

The Offering was conducted in accordance with the Company’s Registration Statement on Form F-1 (File No. 333-283424) previously submitted to and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 31, 2025. The Offering was exclusively made through a final prospectus, copies of which can be obtained from Cathay Securities, Inc. at 40 Wall Street, Suite 3600, New York, NY 10005, or by calling +1 (855) 939-3888.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Furthermore, no sale of these securities shall occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.

About Waton Financial Limited Inc. (“Waton”)

Waton Financial Limited, incorporated in the British Virgin Islands, is a holding company whose operations are primarily conducted through its wholly-owned Hong Kong subsidiaries, Waton Securities International Limited and Waton Technology International Limited. Waton offers a range of financial services, including securities brokerage, asset management, and software licensing and support, serving a diverse client base of retail and institutional investors. Waton aims to provide innovative and reliable financial solutions by leveraging technology and a client-focused strategy.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this press release are considered “forward-looking statements” as defined by federal securities laws. These include, but are not limited to, statements about plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are not statements of historical fact. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that may impact its financial condition, results of operations, business strategy, and financial needs, including the expectation of a successful Offering completion. Investors can often identify these statements by the use of terms like “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or similar expressions. The Company is not obligated to publicly update or revise any forward-looking statements to reflect subsequent events or changes in its expectations, except as required by law. While the Company believes the expectations in these forward-looking statements are reasonable, it cannot guarantee their accuracy and advises investors that actual results may differ significantly from anticipated results. Investors are encouraged to review other factors that may affect future results in the Company’s registration statement and other filings with the SEC.

For further information, please contact:

Waton Financial Limited 
Investor Relations Department
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