HWH International Inc. Announces Reverse Stock Split

Core Points - HWH International Inc. announced a 1-for-5 reverse stock split effective February 24, 2025, to comply with Nasdaq Capital Market minimum bid price requirements [1] - The reverse stock split will automatically reclassify every 5 shares into one new share without modifying any rights or preferences of the common stock [2] - Stockholders will receive cash payments for any fractional shares resulting from the reverse stock split, calculated based on the closing price on the effective date [3] Additional Information - The reverse stock split was approved by the majority of stockholders and the Board of Directors on January 16, 2025 [2] - HWH International Inc. operates in four core areas: Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder, focusing on health, wealth, and happiness [5] - Further details regarding the reverse stock split can be found in the definitive information statement filed with the SEC on January 28, 2025 [4]