Company Overview - Top Wealth Group Holding Limited is a holding company incorporated in the Cayman Islands, with operations conducted through its subsidiary in Hong Kong, Top Wealth Group (International) Limited [4] - The company specializes in supplying premium-class sturgeon caviar, with products endorsed by CITES permits [4] - Top Wealth offers caviar under private labeling for customers and also markets its own brand, "Imperial Cristal Caviar," which has seen significant sales growth since its launch [4] Share Consolidation Announcement - The company announced the approval of a proposed 1-for-90 share consolidation of its Class A and Class B ordinary shares [1] - The share consolidation is aimed at regaining compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing on the Nasdaq Capital Market [2] - Effective from July 21, 2025, every 90 issued and outstanding ordinary shares will be consolidated into one share of a new par value of US$0.009, with no fractional shares issued [3] - The consolidation was approved by the company's board of directors on June 11, 2025, and by shareholders on April 8, 2025 [3]
TWG Announces 1-for-90 Share Consolidation