Republic Power Group Limited Announces 1-For-16 Reverse Share Split

Singapore, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Republic Power Group Limited (NASDAQ: RPGL), today announced that it will effect a reverse share split of its Class A ordinary shares, par value $0.50 per share (the “Class A Ordinary Shares”) and Class B ordinary shares, par value $0.50 per share (the “Class B Ordinary Shares”), at a ratio of 1-for-16, to be effective at the open of business on September 25, 2026.

Our Class A Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market (“Nasdaq”) on September 25, 2026. There is no public market for our Class B Ordinary Shares. Following the reverse share split, the Class A Ordinary Shares will have a new par value of $8.0 per share and will continue to trade on Nasdaq under the symbol “RPGL” with the new CUSIP number, G7523E139. The reverse share split is expected to lead the Company’s Class A Ordinary Shares to trade at approximately 16 times the price per share at which it trades prior to the effectiveness of the reverse share split. The Company, however, cannot assure that the price of its Class A Ordinary Shares after the reverse split will reflect the 1-for-16 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price. The reverse share split is intended for the Company to maintain compliance with the minimum bid price requirement of $1.00 per Class A Ordinary Share for continued listing on Nasdaq.