Powell Max Limited (NASDAQ: PMAX) announced a 1-for-10 share consolidation of all issued and outstanding ordinary shares, effective at the opening of trading on April 17, 2026, according to a press release statement.

The financial communications services provider said the share consolidation is intended to increase the market price per share of the company's Class A ordinary shares above the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market.

Following the consolidation, the company's authorized share capital will be reduced from 550,250,000 shares to a maximum of 55,025,000 shares. The new structure will comprise 50,000,000 Class A ordinary shares, 25,000 Class B ordinary shares, and 5,000,000 Class C ordinary shares, each with a par value of $0.008.

The number of issued and outstanding Class A ordinary shares will decrease from 10,371,518 to approximately 1,037,152, while Class C ordinary shares will be reduced from 6,781,611 to approximately 678,162. No Class B ordinary shares are currently issued and outstanding.

Shareholders will receive one whole share for every ten shares held prior to the consolidation. Fractional shares will be rounded up to the nearest whole share for shareholders of record, while beneficial holders through brokerage firms will have fractional shares rounded up at the participant level.

The Class A ordinary shares will continue trading on the Nasdaq Capital Market under the ticker symbol "PMAX" and will be assigned a new CUSIP number G7200G126.

Powell Max Limited provides financial communications services and is headquartered in Hong Kong with a U.S. subsidiary in Delaware and corporate staff in Boca Raton, Florida.