Wang & Lee Group board approves 250-to-1 share combination

WANG & LEE GROUP announced that on July 28, 2025, its board of directors approved a combination of its ordinary shares on a 250-to-one basis. The Company’s ordinary shares will begin trading on a post combination basis on September 2, 2025. As a result of the Share Combination, each two hundred and fifty pre-combination ordinary shares of the Company will be automatically combined into one ordinary share without any action on the part of the holders, with no change to the par value, and the Company’s issued and outstanding ordinary shares will be reduced from 174,679,566 to approximately 698,719. The Company’s ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “WLGS” under a new CUSIP number – G9T22C118. The Share Combination is intended to increase the market price per share of the Company’s ordinary shares to allow the Company to maintain its Nasdaq listing.