iTonic Holdings Ltd

iTonic Holdings Ltd announced the resignation of Bin Wu as an independent director, effective June 18, 2026, citing personal reasons. Concurrently, Kun Yang was appointed to succeed Mr. Wu as an independent director. Mr. Yang will also take over Mr. Wu's roles on the Audit Committee, Corporate Governance and Nominating Committee, and Compensation Committee, becoming the new chair of the Corporate Governance and Nominating Committee.

iTonic Holdings Ltd announced the completion of its April 2026 private placement. The company issued 100,000,000 Class A Ordinary Shares at US$0.20 per share, raising approximately US$20,000,000 in gross proceeds. This new agreement followed the mutual termination of a previously disclosed March 2026 private placement subscription agreement, with the newly issued shares subject to a six-month lock-up period.