Masonglory Limited Announces Share Consolidation and Share Reclassification

Masonglory Limited (Nasdaq: MSGY) reports that at its Extraordinary General Meeting on July 31, 2026, shareholders approved an eight‑for‑one share consolidation.

Rhea-AI Summary

Masonglory Limited (Nasdaq: MSGY) reports that at its Extraordinary General Meeting on July 31, 2026, shareholders approved an eight‑for‑one share consolidation. Every eight issued and unissued shares of par value US$0.0001 are being consolidated into one share of par value US$0.0008, keeping authorized share capital at US$50,000 but reducing authorized shares from 500,000,000 to 62,500,000.

The company will then implement a share reclassification, designating 60,000,000 shares as Class A ordinary shares with one vote per share and 2,500,000 shares as Class B ordinary shares with 50 votes per share. These changes will be reflected on the Nasdaq Capital Market at the open on August 11, 2026. Class A shares will continue trading under ticker MSGY with new CUSIP G6007A118.

Positive

• None.

Negative

• Class B shares carry 50 votes versus 1 vote for Class A, creating a significant voting power imbalance

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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.

The Share Consolidation, and Reclassification shall be reflected with the Nasdaq Capital Market and in the marketplace at the open of business on August 11, 2026, whereupon the Class A Shares will continue trading under the symbol “MSGY” and under the new CUSIP Number of G6007A118.

About Masonglory Limited

Founded in 2018 in Hong Kong, Masonglory Limited is a subcontractor providing wet trades services and other ancillary services to property developers and Hong Kong government. As a registered specialist trade contractor (plastering-group 2) since 2020, the Company provides customers with comprehensive wet trades works solutions, which principally include: (i) plastering on floors, ceilings, and walls; (ii) tile laying on internal and external walls and floors; (iii) brick laying; (iv) floor screeding; and (v) marble works. For more information, please visit: https://www.masontech.com.hk/; https://ir.masontech.com.hk/

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

Masonglory Limited

Investor Relations Department

Email: services@wealthfsllc.com

FAQ

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What share consolidation did Masonglory Limited (MSGY) approve in July 2026?

Masonglory Limited approved an eight-for-one share consolidation on July 31, 2026. According to Masonglory Limited, every eight shares of par value US$0.0001 will become one share of par value US$0.0008, reducing authorized shares from 500,000,000 to 62,500,000 while maintaining US$50,000 authorized capital.

How will Masonglory Limited’s (MSGY) share reclassification change voting rights?

Masonglory Limited will reclassify its consolidated shares into Class A and Class B. According to Masonglory Limited, 60,000,000 Class A shares will carry one vote each, while 2,500,000 Class B shares will carry fifty votes each, creating a dual-class voting structure with different voting power per share.

When will Masonglory Limited’s (MSGY) share consolidation and reclassification take effect on Nasdaq?

The share consolidation and reclassification will be reflected on Nasdaq at the open of business on August 11, 2026. According to Masonglory Limited, from that date the Class A shares will continue trading under the symbol MSGY with a new CUSIP number G6007A118.

What is the new CUSIP number for Masonglory Limited (MSGY) after the 2026 share consolidation?

After the consolidation, Masonglory Limited’s Class A shares will trade under CUSIP G6007A118. According to Masonglory Limited, the ticker symbol on the Nasdaq Capital Market remains MSGY, with the new CUSIP tied to the consolidated and reclassified Class A ordinary shares structure.

How does Masonglory Limited’s (MSGY) authorized share capital change after the consolidation and reclassification?

Masonglory Limited’s authorized capital remains US$50,000 but the share count changes. According to Masonglory Limited, the capital will consist of 62,500,000 shares of par value US$0.0008, comprising 60,000,000 Class A ordinary shares and 2,500,000 Class B ordinary shares with differentiated voting rights.

What does Masonglory Limited (MSGY) do as a business following its 2026 capital changes?

Masonglory Limited remains a subcontractor providing wet trades and ancillary services in Hong Kong. According to Masonglory Limited, it offers plastering, tile laying, brick laying, floor screeding, and marble works to property developers and government clients as a registered specialist plastering contractor.