Guardforce AI Co., Ltd. executive Wang Lei, who serves as Chief Executive Officer and director, has reported initial beneficial ownership on a Form 3. The filing shows direct ownership of 2,201,333 Ordinary Shares, establishing Wang Lei’s starting equity position as an insider without disclosing any recent share purchases or sales.
Guardforce AI Co., Ltd. Chief Financial Officer Zuo Yuting filed an initial ownership report showing direct holdings of 166,500 Ordinary Shares. This Form 3 does not reflect any recent buy or sell activity; it simply establishes the number of shares currently reported as held by the executive.
Guardforce AI Co., Limited reported that it has extended its partnership to provide smart retail business solutions to the Thailand branch of a major global sportswear brand. Under this extension, the company has received requests to deploy its solutions at five additional retail locations in 2026 and one more in 2027.
Guardforce AI previously deployed similar smart retail systems at two locations and installed AI camera systems across 13 additional stores in 2025 after a proof of concept. Management believes these AI-driven CCTV analytics and RFID-based inventory tools could eventually be used across many of the 5,000 retail stores it already serves through its secured logistics business.
Guardforce AI Co., Limited reported two key corporate actions. The board approved a share repurchase program authorizing buybacks of up to $5 million of outstanding ordinary shares over the next year, reflecting management’s view that the current market valuation does not fully reflect the company’s intrinsic value.
The company also signed a non-binding letter of intent to acquire MGAI Limited, which provides AI-driven speech therapy and rehabilitation solutions. MGAI’s ecosystem has served more than 110,000 patients and includes over 20,000 registered rehabilitation professionals, with plans to expand beyond Mainland China, subject to due diligence and a definitive agreement.
Guardforce AI Co., Limited disclosed that it received a notice from Nasdaq on December 12, 2025 stating that its ordinary shares no longer meet the exchange’s minimum bid price requirement for continued listing. Nasdaq rules require a minimum bid price of US$1.00 per share, measured over 30 consecutive business days, and the company’s shares were below this level from October 30 through December 11, 2025.
The company has 180 calendar days, until June 10, 2026, to regain compliance by maintaining a closing bid price of at least US$1.00 for a minimum of 10 consecutive trading days. If it does not regain compliance by that date, it may be eligible for additional time or could face delisting from Nasdaq. The notice does not immediately affect trading, and the shares continue to trade on Nasdaq under the ticker “GFAI.” Guardforce AI plans to monitor its share price and is considering measures to improve its financial position and operations, which it expects will help address the deficiency.
Guardforce AI Co., Limited reports two key steps in its AI-focused strategy. On November 5, 2025, the company launched DVGO Beta 2.0, described as a major milestone in its AI-first product roadmap and the beginning of a broader marketing expansion. This suggests the DVGO platform is moving from development toward wider real-world deployment.
On November 13, 2025, Guardforce AI announced it will roll out its AI Agent platform and Robotics-as-a-Service (RaaS) operations in Thailand, aiming to unify a human-centered AI ecosystem. Together, these updates highlight a shift toward commercializing AI agents and robotics solutions in practical, service-based business models.
Guardforce AI Co., Limited entered into a new consulting agreement with Chief Executive Officer Lei (Olivia) Wang, formalizing the terms of her renewed engagement effective September 1, 2025. The agreement runs until either party terminates it with 60 days’ written notice, or immediately by the company for cause, and was approved by the board, audit committee, and compensation committee.
As CEO, Ms. Wang oversees daily operations, strategy, M&A and investments, performance targets, risk controls, and supervision of senior officers. She will receive an annual cash fee of US$650,000 paid in thirteen monthly installments, annual restricted share awards, a US$10,000 monthly housing and relocation allowance, international family medical insurance up to US$60,000 per year (or cash in lieu), and children’s education allowance up to US$105,000 per year.
If terminated without cause or due to disability, Ms. Wang is entitled to a lump-sum severance equal to five years of her annual cash fee and target bonus, accelerated vesting of unvested equity (full or pro rata at the board’s discretion), continued relocation, medical, and education allowances for five years, and any accrued but unpaid bonuses. She is also bound by confidentiality, non-compete, and non-solicit covenants, with company ownership of related intellectual property, company indemnification, and tax gross-up payments other than for her personal income taxes.
Guardforce AI Co., Limited filed a Form 6-K dated September 23, 2025 that includes unaudited interim consolidated financial statements as of June 30, 2025 and for the six months ended June 30, 2025 and June 30, 2024, an operating and financial review and prospects, and a press release titled "Guardforce AI Reports Positive Adjusted Net Income for the First Half of 2025". The filing is signed by Lei Wang, Chief Executive Officer. XBRL instance and taxonomy extension files are listed among exhibits, and the cover page interactive data is embedded in the Inline XBRL document. All financial schedules are noted as unaudited interim statements.