Hong Kong, March 24, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: ​WLGS), a multinational leader in sustainable infrastructure and resource development, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 3,529,400 ordinary shares at a purchase price of $3.40 per ordinary share, together with Series A warrants to purchase up to 3,529,400 ordinary shares at an exercise price of $3.40 per ordinary share and Seri ...

Core Viewpoint - Wang & Lee Group, Inc. has entered into a securities purchase agreement to sell 3,529,400 ordinary shares at a price of $3.40 per share, along with Series A and Series B warrants [1][2]. Group 1: Securities Offering Details - The total gross proceeds from the offering are estimated to be approximately $12,000,000 before deducting fees and expenses [2]. - The Series A warrants can be exercised at an exercise price of $3.40 per share and are valid for five years from issuance [1]. - Series B warrants will have an initial exercise price of $0.0001 per share and will be exercisable three trading days after issuance [1]. Group 2: Company Background - Wang & Lee Group, Inc. is a Hong Kong-based construction prime and subcontractor specializing in Electrical & Mechanical Systems installation [5]. - The company provides services for both public and private sectors, including design and contracting services across various trades in the construction industry [5].

Core Insights - Wang & Lee Group, Inc. has formed a strategic partnership with HK Golden, Inc. to integrate ad-driven content into Linko's AI-powered smart home devices, allowing users to earn blockchain tokens for ad engagement, thereby enhancing ESG impact and consumer value [1][2][3] Group 1: Tokenized Ad Engagement - Users of Linko's devices will earn W&L-issued blockchain tokens for every minute spent interacting with HKGolden's ads, which can be redeemed for device upgrades, premium subscriptions, or cash [2] - The partnership ensures transparent tracking of ad engagement and token distribution through W&L's blockchain ledger [2] Group 2: ESG-Driven Synergy - A portion of the ad revenue generated will fund W&L's solar crypto-mines, linking user engagement to renewable energy growth and supporting global decarbonization goals [3] - The initiative promotes sustainable behavior by rewarding users for their engagement with ads [3] Group 3: Leadership Commentary - The CEO of Wang & Lee Group emphasized the transformation of passive ad consumption into active participation in the green economy, benefiting both users and the environment [4] - Representatives from Linko and HK Golden highlighted the enhanced value of devices and the pioneering nature of the alliance in redefining media monetization [4] Group 4: Strategic Benefits - Users can earn tokens through ad engagement, energy savings, and sustainable actions, while advertisers benefit from precise AI targeting, leading to higher ROI [5] - The partnership positions Wang & Lee as a leader in combining AI smart homes, blockchain rewards, and ESG-aligned media partnerships [5] Group 5: Projected Impacts - Anticipated user growth in Linko device adoption due to the integration of token rewards [6] - The alliance is projected to reduce household carbon footprints among participating users [6]

Core Insights - Wang & Lee Group, Inc. has formed a strategic partnership with HK Golden, Inc. to integrate exclusive ad-driven content into Linko's AI-powered smart home devices, allowing users to earn blockchain tokens for ad engagement, thereby enhancing ESG impact and consumer value [1][2] Group 1: Tokenized Ad Engagement - Users of Linko's devices will earn W&L-issued blockchain tokens for every minute spent interacting with HKGolden's ads, which can be redeemed for device upgrades, premium subscriptions, or cash [2] - The partnership ensures transparent tracking of ad engagement and token distribution through W&L's blockchain ledger [2] Group 2: Exclusive Media Content Integration - HKGolden will curate tailored advertising and entertainment content for Linko's devices, utilizing AI to align ads with user preferences [2] - This integration aims to enhance user experience and engagement with the content [2] Group 3: ESG-Driven Synergy - A portion of the ad revenue generated will fund W&L's solar crypto-mines, linking user engagement to renewable energy growth and supporting global decarbonization goals [3] - The initiative promotes sustainable behavior among users while providing personal rewards [3] Group 4: Leadership Commentary - The CEO of Wang & Lee Group emphasized the transformation of passive ad consumption into active participation in the green economy, benefiting both users and the environment [4] - Representatives from Linko and HK Golden highlighted the value addition through media curation and the pioneering nature of the alliance in redefining media monetization [4] Group 5: Strategic Benefits - Users can earn tokens through ad engagement, energy savings, and sustainable actions, enhancing user incentives [5] - The precise AI targeting through Linko's devices is expected to provide higher ROI for advertisers [5] - The partnership positions Wang & Lee as a leader in combining AI smart homes, blockchain rewards, and ESG-aligned media partnerships [5] Group 6: Projected Impacts - Anticipated surge in Linko device adoption due to the integration of token rewards [6] - W&L tokens are expected to circulate via HKGolden ads within the first year [6] - The alliance is projected to contribute to reducing household carbon footprints among participating users [6]

Partnership merges blockchain rewards, renewable energy, and media monetization to redefine ESG innovation Hong Kong, March 17, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (NASDAQ:WLGS), a global leader in sustainable energy and blockchain solutions, today announced a exclusive collaboration agreement with Linko Smart Technology Limited ("Linko"), a trailblazer in AI-powered smart home technologies. This partnership solidifies W&L's position as the sole provider of AI-driven smart home services, energy ...

Partnership merges blockchain rewards, renewable energy, and media monetization to redefine ESG innovation Hong Kong, March 17, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (NASDAQ: WLGS), a global leader in sustainable energy and blockchain solutions, today announced a exclusive collaboration agreement with Linko Smart Technology Limited (“Linko”), a trailblazer in AI-powered smart home technologies. This partnership solidifies W&L’s position as the sole provider of AI-driven smart home services, energy ...

Hong Kong, March 13, 2025 (GLOBE NEWSWIRE) -- As disclosed in a press release dated March 3, 2025, Wang & Lee Group, Inc. (NASDAQ:WLGS), a global innovator in sustainable technology, today announced that on March 12, 2025, it entered into a sale and purchase agreement on the acquisition (the "Acquisition") of potential Solar (HK) Limited ("SolarHK") for a consideration of HK$15,000,000 (the "Consideration"). The Consideration shall be satisfied by the Company through the issuance of convertible promissory n ...

Hong Kong, March 13, 2025 (GLOBE NEWSWIRE) -- As disclosed in a press release dated March 3, 2025, Wang & Lee Group, Inc. (NASDAQ: WLGS), a global innovator in sustainable technology, today announced that on March 12, 2025, it entered into a sale and purchase agreement on the acquisition (the “Acquisition”) of potential Solar (HK) Limited (“SolarHK”) for a consideration of HK$15,000,000 (the “Consideration”). The Consideration shall be satisfied by the Company through the issuance of convertible promissory ...

Hong Kong, March 12, 2025 (GLOBE NEWSWIRE) -- As disclosed in a press release dated March 4, 2025, Wang & Lee Group, Inc. (NASDAQ:WLGS), intends to distribute a cryptocurrency dividend to its shareholders upon realizing profits and subject to there being retained earnings according to the Company's audited financial statements. The Company's decision to explore a crypto dividend reflects its commitment to embracing cutting-edge financial technologies and delivering value to its shareholders in innovative wa ...

Core Insights - Wang & Lee Group, Inc. plans to distribute a cryptocurrency dividend to shareholders upon achieving profitability and having retained earnings as per audited financial statements [1][3] - The initiative reflects the company's commitment to innovative financial technologies and aims to enhance shareholder value while addressing market abuses like naked short selling and counterfeit shares [2][3] Group 1: Cryptocurrency Dividend Initiative - The crypto dividend is designed to reward shareholders and protect their interests by revealing naked short selling activities, as only legitimate shareholders will receive the dividend [2] - The use of blockchain technology will help identify counterfeit shares, ensuring the integrity of the company's share structure and protecting shareholders from dilution [3] Group 2: Future Details and Partnerships - Specific details regarding the cryptocurrency, record date, distribution mechanism, and timing of the dividend will be announced later [4] - The company is collaborating with leading blockchain and financial technology partners to ensure a smooth and compliant process for the dividend distribution [4] Group 3: Company Overview - Wang & Lee Group, Inc. is a Hong Kong-based construction prime and subcontractor specializing in the installation of Electrical & Mechanical Systems for both public and private sectors [5] - The company provides design and contracting services across various trades in the construction industry, catering to clients ranging from small startups to large corporations [5]