Skyline Builders announces proposed 10-for-1 proposed share consolidation

Skyline Builders (SKBL) announced that on August 24, 2025, its Board of Directors approved a proposal to consolidate the Company’s authorized, issued, and outstanding shares. The proposal will be presented for shareholder approval at an upcoming extraordinary general meeting. Under the proposal to be presented at the upcoming extraordinary general meeting, shareholders will be asked to approve the consolidation of the Company’s authorized, issued, and outstanding shares at a ratio of ten ordinary shares into one, or at such lesser whole number as the Board may determine in its sole discretion, but not fewer than two shares into one. If approved, the Board will set the final consolidation ratio and effective date, with the Share Consolidation to be implemented within one year of shareholder approval. The consolidated shares will retain the same rights and restrictions as existing shares, other than par value.