Nature Wood Group Limited Announces Change in Controlling Shareholder Following Completion of Private Share Transfer

Rhea-AI Summary

Nature Wood Group Limited (Nasdaq: NWGL) announced a change in its controlling shareholder following a private share transfer that closed on October 22, 2025. The Sellers transferred an aggregate of 114,974,179 ordinary shares, representing approximately 86.82% of issued and outstanding ordinary shares, to the Purchasers under a share purchase agreement dated October 22, 2025.

The transaction was a private sale of existing shares, the company did not issue new shares and was not a party to the share purchase agreement. Following closing, TUTU Business Services Limited became the controlling shareholder.

Positive

• 114,974,179 shares transferred (86.82% ownership)
• Transaction closed on October 22, 2025
• No dilution: no new shares issued

Negative

• 86.82% concentration may materially reduce public free float
• Control consolidated under TUTU Business Services Limited as of Oct 22, 2025

MACAU, Oct. 22, 2025 /PRNewswire/ -- Nature Wood Group Limited (Nasdaq: NWGL) ("Nature Wood" or the "Company"), a global leading vertically-integrated forestry company headquartered in Macau, today announced a change in its controlling shareholder following the closing of a private transaction.

On October 22, 2025, the board of directors of the Company was notified that Mr. SE Hok Pan, Easy Bliss Limited, Linking Stars Limited, More Choice Global Limited, Mr. CHAN Wing Luk and Mr. HUANG Qing Cai (collectively, the "Sellers") completed the transfer of an aggregate of 114,974,179 ordinary shares, representing approximately 86.82% of the Company's issued and outstanding ordinary shares, to TUTU Business Services Limited, Ms. LIANG Yanxia, Mr. LI Xianfeng, Ms. MIAO Huiping, Mr. WANG Lei and Mr. WANG Gang (collectively, the "Purchasers"), pursuant to a share purchase agreement dated October 22, 2025. The closing occurred immediately upon execution of the Share Purchase Agreement.

This transaction was effected by private sale of existing ordinary shares. The Company did not issue any new shares and was not a party to the Share Purchase Agreement. Following closing, TUTU Business Services Limited became the controlling shareholder of Nature Wood Group Limited.

About Nature Wood Group Limited

Nature Wood Group Limited is a global leading vertically-integrated forestry company that focuses on timber and wood products industry. The Company's operations cover both up-stream forest management and down-stream wood-processing and distribution. Nature Wood offers a broad line of products, including logs, decking, flooring, sawn timber, primarily through its sales network in Europe, South Asia, South America, North America and China. The Company is one of the largest exporters of wood products in Peru. For more information, please visit: www.nature-wood.com. 

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SOURCE Nature Wood Group Limited

FAQ

What change did Nature Wood (NWGL) announce on October 22, 2025?

Sellers transferred 114,974,179 ordinary shares (≈86.82%) to Purchasers; TUTU Business Services Limited became controlling shareholder.

How many Nature Wood (NWGL) shares changed hands in the private sale?

114,974,179 ordinary shares were transferred, representing approximately 86.82% of issued shares.

Did Nature Wood (NWGL) issue new shares in the October 22, 2025 transaction?

No. The transaction was a private sale of existing shares and the company did not issue any new shares.

When did the share purchase for Nature Wood (NWGL) close?

The closing occurred immediately upon execution of the Share Purchase Agreement on October 22, 2025.

Who became the controlling shareholder of Nature Wood (NWGL) after the transfer?

TUTU Business Services Limited became the controlling shareholder following closing.

Will the October 22, 2025 transfer likely affect NWGL public float or liquidity?

The transfer concentrated approximately 86.82% ownership, which may materially reduce the companys public free float and trading liquidity.