Core Viewpoint - WANG & LEE GROUP, Inc. has announced a 250-to-one share combination to increase its market price per share and maintain its Nasdaq listing, effective September 2, 2025 [1][2]. Group 1: Share Combination Details - The share combination will automatically convert every 250 pre-combination ordinary shares into one ordinary share, reducing the total shares from 174,679,566 to approximately 698,719 [2]. - The ordinary shares will continue trading on the Nasdaq under the symbol "WLGS" with a new CUSIP number G9T22C118 [2]. - No fractional shares will be issued; shareholders entitled to a fractional share will receive an additional whole share to avoid fractional shares in issue [3]. Group 2: Corporate Governance - The share combination does not require a vote from shareholders as per the laws of the British Virgin Islands [4]. - Transhare Corporation will act as the exchange agent for the share combination process [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, including low voltage electrical systems, mechanical ventilation, air-conditioning, fire service systems, and water supply and sewage disposal systems [5]. - The company provides design and contracting services across all trades in the construction industry, serving clients from small startups to large corporations [5].
WANG & LEE GROUP, INC. Announces Share Combination