Masonglory Limited Announces Share Consolidation and Share Reclassification

HONG KONG, Aug. 06, 2026 (GLOBE NEWSWIRE) -- On July 31, 2026, Masonglory Limited (the “Company”) held the Company’s Extraordinary General Meeting (the “EGM”), amongst which a share consolidation was approved by the shareholders, whereby every eight issued and unissued shares of par value of US$0.0001 each in the share capital of the Company be consolidated into one (1) share of a par value of US$0.0008 each (the “Share Consolidation”) so that the authorized share capital of the Company shall be changed from US$50,000 divided into 500,000,000 shares of a par value of US$0.0001 each to US$50,000 divided into 62,500,000 shares of a par value of US$0.0008 each.

The authorized share capital of the Company shall then be reclassified by re-classifying the 62,500,000 shares of a par value of US$0.0008 each as 60,000,000 class A ordinary shares of a par value of US$0.0008 each, each such share carrying one (1) vote per share (the “Class A Shares”) and 2,500,000 class B ordinary shares of a par value of US$0.0008 each, each such share carrying fifty (50) votes per share (the “Class B Shares)” (the “Reclassification”) so that the authorized share capital of the Company shall be changed from US$50,000 divided into 65,200,000 shares of a par value of US$0.0008 each to US$50,000 divided into 62,500,000 shares of a par value of US$0.0008 each, comprising (i) 60,000,000 class A ordinary shares of a par value of US$0.0008 each and (ii) 2,500,000 class B ordinary shares of a par value of US$0.0008 each.