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]

Historic partnership combines sustainable resource extraction with renewable energy innovation, driving growth in Australia's marble quarrying and green tech sectors Hong Kong, March 06, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: ​WLGS), a multinational leader in sustainable infrastructure and resource development, today announced it has been awarded a ​US$71 million contract​ by ​NQ Marble Pty Ltd, a Queensland-based marble quarrying enterprise, to exclusively undertake (i) the exploration an ...

WANG & LEE GROUP, Inc. NQ Marble’s marble blocks WANG & LEE GROUP, Inc. NQ Marble’s existing sites WANG & LEE GROUP, Inc. NQ Marble’s luxury construction finished products WANG & LEE GROUP, Inc. NQ Marble’s luxury construction finished products WANG & LEE GROUP, Inc. Different patterns of marbles Historic partnership combines sustainable resource extraction with renewable energy innovation, driving growth in Australia’s marble quarrying and green tech sectors Hong Kong, March 06, 2025 ( ...

Core Viewpoint - Wang & Lee Group has become the first Hong Kong company to distribute shareholder dividends using cryptocurrency mined exclusively through its solar battery crypto farms, highlighting its leadership in integrating renewable energy with blockchain technology [1][2]. Group 1: Sustainability and Innovation - The company utilizes excess clean energy from its solar battery crypto farms to mine cryptocurrency, ensuring minimal carbon footprint and addressing environmental concerns associated with traditional mining practices [2][7]. - The CEO emphasized the importance of merging solar energy infrastructure with blockchain innovation, aiming to redefine value delivery while promoting sustainability and shareholder returns [3]. Group 2: Shareholder Benefits - Shareholders will receive cryptocurrency dividends from the solar farm's mining operations, which can be converted to fiat currency, reinvested in the company's expansion, or redeemed within Wang & Lee's ecosystem for various products [4][5]. - The company aims to protect shareholders' interests by using crypto dividends to identify and exclude those who have purchased fake shares from naked short sellers, enhancing transparency and accountability [3]. Group 3: Operational Highlights - Wang & Lee Group operates high-efficiency cryptocurrency mining rigs powered by its solar farms, which also provide clean energy to local communities in Hong Kong [7]. - The distribution of mined cryptocurrency is conducted through a regulated digital wallet platform, ensuring transparency and reduced transaction costs while aligning with ESG principles [7].

Core Insights - Wang & Lee Group has become the first Hong Kong company to distribute shareholder dividends using cryptocurrency mined from its solar battery crypto farms, highlighting its leadership in integrating renewable energy with blockchain technology [1][2]. Group 1: Sustainability and Innovation - The company utilizes excess clean energy from its solar farms to mine cryptocurrency, ensuring minimal carbon footprint and addressing environmental concerns associated with traditional mining practices [2]. - CEO Mr. Ho emphasized the transformative nature of this initiative, aiming to redefine value delivery by merging sustainability with shareholder returns, and highlighted a successful US$100 million deal in crypto mining [3]. Group 2: Dividend Mechanism - Shareholders will receive cryptocurrency dividends generated from the solar farm's mining operations, which can be converted to fiat currency, reinvested in the company's expansion, or redeemed within Wang & Lee's ecosystem for various products [6][7]. - The distribution of mined cryptocurrency is facilitated through a regulated digital wallet platform, ensuring transparency and reduced transaction costs [8]. Group 3: Shareholder Engagement and Protection - The company aims to protect shareholders' interests by using crypto dividends to identify and exclude those who have purchased fake shares from naked short sellers, thereby promoting integrity within the shareholder base [3]. - The initiative aligns with ESG principles, appealing to ethically driven investors and fostering loyalty while accelerating the adoption of sustainable technologies [8]. Group 4: Company Overview - Wang & Lee Group is a leader in renewable energy infrastructure and blockchain solutions, operating solar farms across Asia and focusing on innovations that promote ecological and economic progress [9].

Core Insights - Wang & Lee Group, Inc. has announced a collaboration to establish Hong Kong's first solar-powered crypto battery farm, a US$100 million project that integrates renewable energy with crypto-mining innovation [1][5] - The project aims to utilize Hong Kong's solar resources, with average annual solar irradiance of 3.8–4.2 kWh/m²/day, which is competitive compared to other regions [1][6] - The initiative is positioned as a sustainable solution for both crypto-mining and community energy supply, supporting Hong Kong's 2050 Carbon Neutrality goals [4][10] Project Overview - The solar-powered crypto battery farm will span seven land plots and is designed to power on-site blockchain mining operations, establishing Hong Kong as a leader in low-carbon crypto infrastructure [3][4] - Renewable electricity generated will be distributed to local communities, reducing reliance on fossil fuels [4] - The project leverages advanced lithium-ion battery technology developed in partnership with City University of Hong Kong to ensure energy stability [4][7] Strategic Advantages - The project aligns with ESG-focused investors seeking sustainable revenue streams and offers a scalable model that can be replicated globally [9][10] - High-efficiency solar panels and battery storage systems are expected to achieve competitive yields, even in areas with lower solar intensity [10] - The initiative converts idle agricultural land into revenue-generating assets, benefiting rural communities [10]

Core Insights - Wang & Lee Group, Inc. has announced a collaboration to establish Hong Kong's first solar-powered crypto battery farm, a US$100 million project that integrates renewable energy with crypto-mining innovation [1][8] - The project aims to utilize Hong Kong's solar resources, which have an average annual solar irradiance of 3.8–4.2 kWh/m²/day, to drive sustainable crypto-mining and supply clean energy to local communities [1][6] Project Overview - The facility will power on-site blockchain mining operations, positioning Hong Kong as a leader in low-carbon crypto infrastructure [4] - Renewable electricity generated will be distributed to villages in the New Territories, supporting Hong Kong's 2050 Carbon Neutrality goals [5] - The project integrates advanced lithium-ion battery systems to ensure 24/7 energy stability for both mining and community energy supply [5][7] Strategic Advantages - The project aligns with ESG-focused investors seeking sustainable revenue streams and offers a scalable model for global replication [9][10] - High-efficiency solar panels and storage systems are designed to mitigate irradiance gaps, achieving competitive yields comparable to desert-based projects [10] - The initiative converts idle agricultural land into revenue-generating assets, benefiting rural communities and landowners [10]

Core Insights - Wang & Lee Group, Inc. (WLG) has acquired Solar (HK) Limited for approximately HK$15 million, aiming to enhance its renewable energy capabilities and integrate solar technology with its lithium-ion battery initiatives [7][10][12]. Company Overview - Wang & Lee Group specializes in sustainable technologies, focusing on energy storage systems and smart infrastructure, and collaborates with academic and industry leaders to address climate challenges [14]. - Solar (HK) Limited, established in 2019, is a pioneer in renewable energy in Hong Kong, providing comprehensive solar solutions including design, installation, and maintenance [15]. Strategic Synergy - The acquisition is expected to create synergies between WLG's battery research and SolarHK's solar technology, allowing for integrated energy storage and solar solutions across various sectors [10][12]. - SolarHK has a broad coverage with over 50 locations in Hong Kong, enhancing WLG's market reach and service delivery capabilities [10]. Technological Advancements - WLG plans to leverage its partnership with Linko Smart Technology Limited to provide IoT-enabled services to SolarHK's clients, enhancing energy management and efficiency [11]. - Post-acquisition, WLG intends to expand SolarHK's service offerings, introducing advanced energy storage systems and smart technologies [13]. Leadership Statements - The CEO of WLG emphasized that the acquisition is a significant step towards advancing clean energy ecosystems and reducing carbon footprints in Hong Kong [12]. - The founder of SolarHK noted that the partnership will enhance their capacity for innovation and accelerate the commercialization of renewable energy [12].

Core Insights - Wang & Lee Group, Inc. (WLGS) has announced the acquisition of Solar (HK) Limited for approximately HK$15 million, aiming to enhance its renewable energy initiatives by integrating SolarHK's solar expertise with its lithium-ion battery projects [1][6] Group 1: Acquisition Details - The acquisition is valued at around HK$15 million and is part of WLGS's strategy to advance Hong Kong's transition to renewable energy [1] - SolarHK, established in 2019, specializes in solar photovoltaic (PV) system design, installation, and green energy project approvals, aligning with Hong Kong's sustainability goals [2][9] Group 2: Strategic Synergies - The acquisition will create synergies between WLGS's lithium-ion battery research and SolarHK's solar technology, allowing for integrated energy storage and solar solutions across various sectors [3] - SolarHK operates in over 50 locations in Hong Kong, enhancing WLGS's market reach and service delivery capabilities [3] Group 3: Technological Collaboration - WLGS's partnership with Linko Smart Technology Limited will provide SolarHK's clients with access to IoT-enabled services, including AI-powered smart home assistants and energy management systems [4] Group 4: Leadership Perspectives - The CEO of WLGS emphasized that the acquisition is a significant step towards advancing clean energy ecosystems and reducing carbon footprints [5] - The founder of SolarHK highlighted the potential for innovation and scaling through the partnership with WLGS, aiming to accelerate renewable energy commercialization [5] Group 5: Future Plans - The transaction is expected to finalize within a week, with plans to expand SolarHK's service offerings and introduce advanced energy storage systems and smart technologies [6] - This initiative aligns with Hong Kong's 2050 carbon neutrality targets and global sustainability trends [6]