Wang & Lee pays Crypto Dividends to Destroy Dishonest Naked Short Sellers and Protect Shareholders 

Rhea-AI Summary

Wang & Lee Group (NASDAQ: WLGS) has announced a pioneering initiative to distribute shareholder dividends in cryptocurrency mined through their solar battery crypto farms. This marks a historic first for a Hong Kong company, following their US$100 million crypto mining deal.

The company's innovative approach combines renewable energy solutions with blockchain technology, utilizing excess solar power generated during peak hours for crypto mining operations. The system powers local communities in Hong Kong's New Territories while mining cryptocurrency for dividends.

Shareholders will receive crypto dividends with three options:

• Convert to traditional currency through partner exchanges
• Reinvest in additional crypto-mining farms or services
• Redeem within Wang & Lee's ecosystem for products including lithium-ion batteries, AI smart home devices, and solar panels

The company aims to use this crypto dividend strategy to identify naked short sellers, as shareholders with fake shares from these sellers will not be eligible for dividend payments.

Positive

• Secured US$100 million crypto mining deal
• Company expects to become profitable
• Innovative dividend structure combining renewable energy and blockchain
• Multiple dividend utilization options for shareholders
• Zero carbon footprint crypto mining operations

Negative

• Crypto dividend structure may complicate traditional investment frameworks
• Potential volatility risks associated with cryptocurrency-based dividends
• Presence of naked short sellers affecting share integrity

News Market Reaction – WLGS

-5.47%

1 alert

-5.47% News Effect

On the day this news was published, WLGS declined 5.47%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group (NASDAQ: WLGS) today announced a groundbreaking milestone, Makes Legendary History as first Hong Kong Company to distribute shareholder dividends using cryptocurrency mined exclusively through its solar battery crypto farms. This bold initiative underscores the company’s leadership in merging renewable energy solutions with cutting-edge blockchain technology, setting a new standard for sustainable corporate practices.

A Visionary Leap Toward Sustainability

Wang & Lee Group’s dividend payment leverages cryptocurrency mined via its proprietary solar battery crypto farms, which harness excess clean energy generated during peak production hours. By converting unused solar power into digital assets, the company ensures its crypto-mining operations leave a minimal carbon footprint—a direct response to growing environmental concerns around traditional cryptocurrency mining.

CEO Statement: Leading with Purpose

Mr. Ho, CEO of Wang & Lee Group, stated, “Today marks a transformative moment for our shareholders and the broader financial ecosystem. By integrating our solar energy infrastructure with blockchain innovation, we’re redefining what it means to deliver value responsibly. This isn’t just about profitability—it’s about pioneering a future where sustainability and shareholder returns go hand in hand where renewable energy meets blockchain innovation. Having successfully locked down the US$100 million deal in crypto mining, we foresee the company will be profitable and we would like to reward our shareholders in the form of cryptocurrency by way of dividends payout. In an unprecedented move in allowing shareholders to use crypto dividends within our ecosystem or to cash out for fiat, we’re fostering loyalty and accelerating the adoption of sustainable technologies. After extensive board discussions, in order to protect our shareholders’ voting rights and interests, we decided to use crypto dividends to reveal naked short sellers looking to profit out of illegally selling fake shares. In the verification process, shareholders who have bought fake shares from naked short sellers will not be entitled to their crypto dividend. Crypto and share count can easily reveal who are genuine or fake shareholders. On a quest to hunt down dishonest brokers, we are considering engaging Shareintel to track and count naked shorts.”

How It Works

1. Dedicated Energy Utilization: Energy is in on-site, high-efficiency cryptocurrency mining rigs.
2. Solar Energy Generation: The company’s solar farms produce clean energy, powering local communities and village homes in the New Territories in Hong Kong.
3. Dividend Conversion: Mined cryptocurrency (e.g., Bitcoin) is securely distributed to shareholders via a regulated digital wallet platform, offering transparency and reduced transaction costs.
   

Benefits for Shareholders

• Eco-Conscious Returns: Dividends align with ESG (Environmental, Social, Governance) principles, appealing to ethically driven investors.
• Blockchain Efficiency: Instantaneous, secure transactions with verifiable blockchain records of payment to shareholders.
• Future-Forward Value: Participation in the growing digital asset economy.
  

Shareholders will receive cryptocurrency dividends generated by the solar farm’s mining operations, which can be utilized in three ways:

- Convert to Fiat Currency: Sold via partnered exchanges for traditional cash.

- Reinvest in Expansion: Purchase additional crypto-mining farms or services directly from Wang & Lee.

- Ecosystem Engagement: Redeem within Wang & Lee’s growing ecosystem for future products, including lithium ion batteries, artificial intelligence (AI) smart home devices, solar panels and other green energy solutions.

About Wang & Lee Group
Wang & Lee Group is a Hong Kong-listed leader in renewable energy infrastructure and blockchain solutions. With a mission to accelerate the global transition to sustainable technologies, the company operates solar farms across Asia and invests in disruptive innovations that bridge ecological and economic progress.

For media inquiries, contact:

WANG & LEE GROUP, Inc.

Website: https://www.wangnleegroup.com/

Email: ir@wangleegroup.com

This press release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially.

FAQ

How will WLGS distribute its cryptocurrency dividends to shareholders?

WLGS will distribute dividends through a regulated digital wallet platform, using cryptocurrency mined from their solar-powered crypto farms.

What options do WLGS shareholders have for their crypto dividends?

Shareholders can convert to fiat currency, reinvest in crypto-mining farms, or redeem within Wang & Lee's ecosystem for green energy products.

How does WLGS plan to use crypto dividends to combat naked short selling?

By tracking crypto dividend eligibility, WLGS can identify genuine vs. fake shareholders, revealing those who purchased shares from naked short sellers.

What is the value of the crypto mining deal secured by WLGS?

WLGS has secured a US$100 million crypto mining deal.

How does WLGS's solar-powered crypto mining system work?

The system uses excess clean energy from solar farms during peak production hours to power cryptocurrency mining operations, ensuring minimal carbon footprint.