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Meiwu Technology Company Limited (“WNW” or the “Company”) (NASDAQ: WNW) announced that it will effect a reverse share split of its outstanding ordinary shares, no par value (the “Ordinary Shares”), at a ratio of 1-for-100.
The Company’s Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market on April 6, 2026.
Following the reverse share split, the Ordinary Shares will continue to trade on Nasdaq under the symbol “WNW” with a new CUSIP number, G9604C131. The reverse share split is expected to lead the Company’s Ordinary Shares to trade at approximately 100 times the price per share at which they traded prior to the effectiveness of the reverse share split.
The Company noted it cannot assure that the post-split share price will reflect the 1-for-100 ratio, will be maintained for any period of time, or will remain above the pre-split trading price.
No fractional shares will be issued in connection with the reverse share split. Fractional interests will be rounded up to the nearest whole number of Ordinary Shares.
The reverse share split is expected to reduce the number of issued and outstanding shares from 133,042,533 to approximately 1,330,426, subject to any adjustments resulting from the treatment of fractional shares.
On March 17, 2026, the Company’s board of directors approved the reverse share split at a ratio of 1-for-100.
TranShare Corporation is acting as the exchange agent and paying agent for the reverse share split. Shareholders holding shares in book-entry form or in brokerage accounts need not take any action.
TranShare Corporation will provide instructions to shareholders holding certificates regarding the exchange process for ownership in book-entry form or on a post-reverse share split basis. Shareholders were encouraged to contact their bank, broker, or custodian with procedural questions.
Meiwu Technology Company Limited is a British Virgin Islands company incorporated on December 4, 2018. The Company transitioned its business from online sales of selected high-quality food products and short message service to the skincare industry. It currently sells functional skincare products through Xiamen Chunshang Health Technology Co., Ltd. (“Chunshang Xiamen”), an indirect wholly owned subsidiary of Meiwu in China.
Certain statements in the release are forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. The Company stated these statements involve risks and uncertainties that could cause actual results to differ materially from those discussed, including factors related to growth, acquisitions, financing, economic conditions, profitability, litigation, regulatory changes, and pandemics or epidemics. The Company also stated that it undertakes no obligation to update or revise forward-looking statements except as required by applicable law.
Zhichao Yang
Email: [email protected]
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