DirectBooking Technology Co., Ltd. Announces 16-for-1 Share Consolidation

Core Viewpoint - DirectBooking Technology Co., Ltd. has announced a share consolidation to meet Nasdaq's minimum bid price requirement, effective February 17, 2026, with trading on a split-adjusted basis starting February 19, 2026 [1][2]. Share Consolidation Details - The share consolidation will occur at a ratio of 16 for 1, where every 16 Class A and Class B ordinary shares will be consolidated into one share, adjusting the par value from US$0.00005 to US$0.0008 [2]. - The total authorized share capital remains unchanged at US$250,000, reclassified to 250,000,000 Class A ordinary shares and 62,500,000 Class B ordinary shares, both with a par value of US$0.0008 [3]. Fractional Shares and Ownership - No fractional shares will be issued; any fractional share entitlement will be rounded to the nearest whole share [4]. - The consolidation aims to streamline the share capital structure without altering existing shareholders' proportional ownership or the dual-class voting rights arrangement, providing flexibility for future financing [5]. Company Overview - DirectBooking Technology is a holding company based in the Cayman Islands, operating through its Hong Kong subsidiary, Primega Construction Engineering Co. Limited, providing transportation services in the construction industry [6]. - The company focuses on environmentally friendly practices, facilitating the reuse of construction materials and reducing waste, primarily offering soil and rock transportation services and construction works [6].