Golden Sun Technology Group Ltd. proposes a one-for-ten consolidation of its Class A and Class B ordinary shares, subject to shareholder approval, with an effective date of December 23, 2026. Each ten shares of either class would become one share, and fractional entitlements would be rounded up. The company says the proposal is intended to raise the Class A per-share trading price to regain and maintain compliance with Nasdaq’s US$1.00 minimum bid-price requirement and avoid potential delisting. It received a deficiency notice after the closing bid price remained below US$1.00 for 30 consecutive business days; the stated 180-calendar-day compliance period ran through October 12, 2026.
At the November 23, 2026 meetings, Class A holders are asked to approve a proposal raising Class B voting rights on a poll from 50 to 100 votes per share. The sole Class B holder consented in writing on October 20, 2026; adoption of amended articles remains subject to the required class consents. Other annual-meeting proposals cover auditor reappointment, governing-document amendments and adjournment.
Golden Sun Technology Group Ltd. reported that director Liming Xu resigned effective September 23, 2026, for personal reasons; he advised that the resignation was not related to a disagreement with the company’s operations, policies or practices. On September 23, 2026, the board appointed Bekazela Matshazi as a director to fill the vacancy. She has served as the company’s Co-Chief Executive Officer since September 2026 and as Chief Technology & Innovation Officer of Homeboss AI since April 2025. Her earlier roles included Technology & Innovation Director at Shenzhen Kstar New Energy Co., Ltd. from October 2023 to April 2025 and Materials Scientist at Shanghai Kaizhong Material Technology Co., Ltd. from October 2021 to September 2023. Matshazi earned a master’s degree in Materials Science and Engineering in June 2025 and a bachelor’s degree in Textile Technology in November 2018.
Golden Sun Technology Group Ltd. (GSUN) announced a leadership change, appointing Ms. Bekazela Matshazi as Co-Chief Executive Officer effective September 21, 2026. She will serve alongside the current Chief Executive Officer, Xueyuan Weng.
Ms. Matshazi has been Chief Technology & Innovation Officer of Homeboss AI since April 2025 and previously served as Technology & Innovation Director at KSTAR New Energy Technology Co., Ltd. from October 2023 to April 2025. She holds a Master’s Degree in Materials Science and Engineering from Wuhan Textile University.
Golden Sun Technology Group Ltd. (GSUN) has a notice from 10% shareholder and director Peilin Ji to sell Class A ordinary shares under Rule 144. Ji originally bought a total of 385,600 ordinary shares in 2020, which converted into 385,600 Class A shares in November 2020. After a 1:2000 share subdivision in April 2021, this became 771,200 Class A ordinary shares of US$0.0005 each, and following a 1:10 share consolidation in April 2024, the holding now stands at 77,120 Class A ordinary shares, which are the post-consolidation amounts referenced in the filing.
Golden Sun Technology Group Ltd. (GSUN) reported unaudited results for the six months ended March 31, 2026. Revenue rose to $21.6 million from $16.6 million a year earlier, driven mainly by e-commerce and other services of $20.3 million, while education-related services contributed $1.2 million.
Despite higher revenue, Golden Sun recorded a net loss attributable to the company of $3.7 million, improving from a loss of $4.8 million in the prior-year period. Operating loss widened to $3.2 million as operating expenses more than doubled, offsetting modest gross profit of $0.5 million. Total assets declined to $17.0 million from $24.0 million, and shareholders’ equity fell to $7.3 million.
Cash used in operating activities from continuing operations was nearly breakeven at $0.09 million, compared with $7.5 million used a year earlier. The company disclosed an accumulated deficit of $27.3 million, bank loans totaling $3.6 million, and working capital of $0.13 million, and stated that these factors raise substantial doubt about its ability to continue as a going concern, while outlining reliance on bank financing and potential new funding sources.
Golden Sun Technology Group Limited reported that Nasdaq has notified the company it is out of compliance with the exchange’s minimum bid price requirement. The company’s Class A ordinary shares traded below a $1.00 closing bid price for 30 consecutive business days, triggering the notice.
Golden Sun has 180 calendar days, until October 12, 2026, to regain compliance. To do so, its Class A ordinary shares must close at or above $1.00 for at least 10 consecutive business days and must not close at $0.10 or less for over 10 consecutive trading days by that date. If the company does not regain compliance and is not granted additional time, its shares may be delisted, though the company would have the right to appeal. The company plans to monitor its share price and may consider options such as a reverse stock split.
Golden Sun Technology Group Ltd. director and CEO Weng Xueyuan filed an initial ownership report showing direct holdings of 403,000 Class B ordinary shares. This Form 3 does not describe any recent buy or sell activity; it simply establishes his existing equity position in the company.
Golden Sun Technology Group Ltd. director Xu Xijing has filed an initial statement of beneficial ownership on Form 3. This filing establishes Xu’s status as a director and discloses that, at this time, there are no reported transactions or derivative positions associated with this insider.
Golden Sun Technology Group Ltd. director Jin Xiao has filed an initial statement of beneficial ownership on Form 3. This filing lists no reportable transactions or derivative positions in the provided data, indicating it serves as a baseline disclosure of insider holdings at the time of becoming a reporting person.
Golden Sun Technology Group Ltd. director Ji Peilin reported initial holdings of the company’s Class A ordinary shares. The Form 3 shows indirect beneficial ownership of 140,108 Class A ordinary shares held by Well Joy International Investment Limited, where Ji is the sole shareholder, and a further 52,113 Class A ordinary shares held directly.