Core Viewpoint - Wellchange Holdings Company Limited will implement a reverse stock split on a 1-for-50 basis, effective March 6, 2026, to reduce the total number of outstanding shares and enhance the stock's marketability [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split has been approved by both the shareholders and the board of directors [2]. - The total number of outstanding ordinary shares will decrease from 153,265,000 to approximately 3,065,300, with Class A shares reducing from 145,265,000 to approximately 2,905,300 and Class B shares from 8,000,000 to approximately 160,000 [3]. - Fractional shares resulting from the reverse stock split will be rounded up to the next whole number, ensuring no fractional shares are issued [2]. Group 2: Company Overview - Wellchange Holdings Company Limited is an enterprise software solution services provider based in Hong Kong, operating through its subsidiary Wching Tech Ltd Co [5]. - The company specializes in customized software solutions, cloud-based SaaS platforms, and white-label software design and development services [5]. - The mission of the company is to empower small and medium businesses to accelerate digital transformation, optimize productivity, and improve customer experiences through integrated ERP software solutions [5].
Wellchange Holdings Company Limited Announces 1-for-50 Reverse Stock Split Effective March 6, 2026