Wang & Lee Group (WLGS) announces 1:250 share combination

Wang & Lee Group (NASDAQ: WLGS) today announced that on July 28, 2025, its board of directors approved a combination of its ordinary shares on a 250-to-one basis (the “Share Combination”). 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 (250) pre-combination ordinary shares of the Company will be automatically combined into one (1) 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 (“Nasdaq”) 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.

No fractional shares will be issued as a result of the Share Combination. Shareholders who otherwise would be entitled to a fractional share because they hold a number of ordinary shares not evenly divisible by 250 will automatically be entitled to receive an additional fractional share of the Company’s whole shares in order to ensure that the Company does not have any fractional shares in issue.

The Share Combination will not be submitted to a vote of the Company’s shareholders as a vote is not required under the laws of the British Virgin Islands.

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