Multi Ways Holdings Limited Announces 1-for-10 Reverse Share Split Effective February 23, 2026

Core Viewpoint - Multi Ways Holdings Limited has announced a reverse share split of its Class A and Class B ordinary shares on a one-for-ten basis, effective February 23, 2026, to increase the market price per share and maintain its NYSE American listing [1][2]. Share Structure Changes - Each ten issued and outstanding Class A ordinary shares will be combined into one Class A ordinary share, and each ten Class B ordinary shares will be combined into one Class B ordinary share [2]. - The par value of shares will increase from US$0.00025 to US$0.0025, with authorized share capital adjusted to US$2,500,000, comprising 800,000,000 Class A shares, 100,000,000 Class B shares, and 1,000,000,000 preferred shares [2]. - Post-split, the company expects to have approximately 4,142,000 Class A ordinary shares and 1,000,000 Class B ordinary shares issued and outstanding [2]. Shareholder Impact - No fractional shares will be issued; shareholders entitled to a fractional share will have their entitlement rounded up to the nearest whole share [3]. - The reverse split was approved by shareholders at an extraordinary meeting held on November 26, 2025 [3]. Company Overview - Multi Ways Holdings Limited is a supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience [5]. - The company serves customers from various regions, including Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, positioning itself as a one-stop shop for heavy construction equipment [5].