HKIT · Hitek Global Inc.

Hitek Global Inc. is conducting a registered direct offering of its securities. The company entered into a Securities Purchase Agreement dated March 27, 2026, to sell 1,500,000 Class A ordinary shares and pre-funded warrants to purchase up to 98,500,000 Class A ordinary shares. The offering is priced at $0.03 per share. The pre-funded warrants allow the holders to purchase ordinary shares at a nominal exercise price of $0.0001 per share, effectively pre-paying for the shares. Univest Securities, LLC is serving as the placement agent on a 'reasonable best efforts' basis. The transaction is being executed under an effective registration statement on Form F-3 (File No. 333-279459). The significant size of the warrant coverage (98.5 million shares) relative to the direct share sale (1.5 million shares) indicates a financing structure heavily weighted towards future potential dilution upon warrant exercise. Legal counsel Maples and Calder (Cayman) LLP provided an opinion confirming the valid issuance of the shares and the company's good standing in the Cayman Islands.