LOBO TECHNOLOGIES LTD. Announces Share Consolidation

WUXI, China, Nov. 12, 2026 (GLOBE NEWSWIRE) -- LOBO TECHNOLOGIES LTD. (NASDAQ: LOBO) (“LOBO” or the “Company”), an innovative manufacturer of electric mobility products and AI service provider, today announced that it will effect a share consolidation of its Class A ordinary shares, par value $0.001 per share, and Class B ordinary shares, par value $0.001 per share, at a ratio of 1-for-10, effective on November 17, 2026 (the “Share Consolidation”). The Company’s Class A ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on November 17, 2026. Upon the market opening on November 17, 2026, the Company’s Class A ordinary shares will continue to be traded on The Nasdaq Stock Market under the symbol “LOBO” with the new CUSIP number G00350127.

Prior to the Share Consolidation, 15,041,938 ordinary shares, consisting of 11,311,618 Class A ordinary shares, par value $0.001 per share, and 3,730,320 Class B ordinary shares, par value $0.001 per share, are issued and outstanding. As a result of the Share Consolidation, every 10 ordinary shares (or part thereof) will be combined into one (1) share, with fractional shares rounded up to the next whole share. After the Share Consolidation, approximately 1,131,162 Class A ordinary shares, par value $0.01 per share, and 373,032 Class B ordinary shares, par value $0.01 per share, will be issued and outstanding. The Company is authorized to issue a maximum of 10,000,000 shares divided into two classes consisting of: (i) 9,000,000 Class A ordinary shares, par value $0.01 per share, and (ii) 1,000,000 Class B ordinary shares, par value $0.01 per share. All outstanding stock options, warrants and other rights to purchase the Company’s ordinary shares will be adjusted proportionately as a result of the Share Consolidation.