Subject: Webuy Global Ltd: Key Updates and Investor Engagement

Dear Shareholders,

I hope this message finds you well. On behalf of Webuy Global Ltd (Nasdaq: WBUY), we would like to express our sincere gratitude for your continued support and provide an update regarding the strategic initiatives we are taking to address the Minimum Bid Price compliance requirements from Nasdaq.

On January 26, 2024, we received written notification from the Nasdaq Listing Qualifications Department (“Nasdaq”) for falling short of the minimum bid price requirement of U.S.$1.00 per share for the last 30 consecutive business days, as mandated by Nasdaq Listing Rule 5550(a)(2) – bid price (the “Minimum Bid Price Rule”).

As per Nasdaq regulations, in the event of non-compliance, the company is granted a "compliance period" of 180 calendar days to regain compliance with the bid price requirement. Importantly, under certain conditions, an additional 180-day compliance period may be available if specific criteria are met. The criteria for eligibility for an additional 180-day compliance period typically include:

• Meeting the market value of publicly held shares requirement for continued listing.
• Fulfilling all other initial inclusion requirements for the Nasdaq Capital Market, except for the bid price requirement.
• Providing written notice of our intention to regain compliance with the bid price requirement during the second 180-day compliance period.
• Being prepared to undertake necessary actions, such as a reverse stock split, if deemed necessary to achieve compliance.

We want to reassure our shareholders that the additional 180-day compliance period provided by Nasdaq is a viable option for Webuy Global Ltd. to regain compliance with the Minimum Bid Price Rule. At the same time, we have implemented several strategic initiatives aimed at enhancing investor confidence and awareness in our company. These include:

• Participation in investment conferences: On May 15, 2024, we plan to participate in the EF Hutton Annual Global Conference in New York City. Additionally, we are evaluating other retailfocused conference presentation opportunities over the next few months.
• Engagement with research analysts: We have engaged an independent research analyst and are working closely with them to initiate coverage.
• Expanding our presence on trading platforms: We are actively exploring opportunities to expand our presence on social media platforms and increase exposure through multiple media outlets.

We have engaged Crescendo Communications, LLC, a global leader in strategic communications and advisory services, to execute these initiatives and ensure effective communication going forward.

We understand the concerns that may arise from this situation, but please be assured that the management at Webuy Global Ltd is fully committed to regaining compliance with Nasdaq listing requirements and maximizing shareholder value.

For further details on Nasdaq compliance, please refer to the attached file or reach out to our Investor Relations team at wbuy@crescendo-ir.com. If you would like to receive future updates directly from our Investor Relations team, please opt-in to our email list by replying to this message or subscribe through here.

We appreciate your continued support and look forward to updating you on our progress.

Best regards,
Webuy Investor Relations