XI'AN, China, July 2, 2025 /PRNewswire/ -- Bon Natural Life Limited (Nasdaq: BON) ("BON" or the "Company"), a leading bio-ingredient solutions provider in the natural, health, and personal care industries, today announced a non-exclusive sales distribution agreement with Beijing Huahai Keyuan Technology Co., Ltd., a leading wellness company in China ("Huahai Keyuan"). The term of the agreement is 24 months with a total contract value of up to US$16 million. Pursuant to the agreement, Huahai Keyuan will mark ...

Core Viewpoint - Bon Natural Life Limited will implement a 1-for-25 reverse stock split to comply with Nasdaq's minimum bid price requirement of $1.00, effective May 19, 2025 [3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 25 issued and outstanding Class A ordinary shares into one new Class A ordinary share, with no fractional shares issued [1]. - The new CUSIP number for the Class A ordinary shares post-split will be G14492204, and trading will continue under the existing symbol "BON" [2]. - The authorized share capital will increase to 1,000,000,000 Class A ordinary shares, 50,000,000 Class B ordinary shares, and 50,000,000 preference shares [4]. Group 2: Class Rights and Shareholder Approval - The conversion rate for Class B ordinary shares will change from a 1:1 basis to a 1:25 basis for conversion into Class A ordinary shares [5]. - The reverse stock split and related changes were approved by shareholders during an extraordinary general meeting on April 15, 2025 [6].