CL Workshop Group Limited ADS Ratio Change Effective Nov 6
News related to:CL Workshop Group Limited · 3 min read
HONG KONG, Nov. 4, 2026 /CourierPR/ -- CL Workshop Group Limited, a global forestry company that focuses on the timber and wood products industry, today announced a significant change in its American Depositary Shares (ADSs) to Class A ordinary shares. The company will change the ratio of its ADSs from one (1) ADS representing eight (8) Class A ordinary shares to one (1) ADS representing six hundred and forty (640) Class A ordinary shares, effective November 6, 2026 (the "ADS Ratio Change"). This change will have the same effect as a one-for-eighty (80) reverse split.
The ADS Ratio Change will impact the holdings of ADS holders, who will now have a significantly reduced number of shares. For example, an ADS holder who currently owns 1,000 ADSs will now own 12.5 Class A ordinary shares, as the ratio has changed from eight (8) to six hundred and forty (640). This change will occur on the Effective Date, which is November 6, 2026, subject to Nasdaq confirmation.
The ADSs are expected to continue trading on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker symbol "NWGL," effective at the open of business on November 6, 2026. The new CUSIP number will be 63903R205.
The Class A ordinary shares of the Company will not be affected by the ADS Ratio Change. No ordinary shares will be issued or cancelled in connection with the ADS Ratio Change, and holders of the Company's ordinary shares will be unaffected by the new ADS Ratio. ADS holders holding through DTC or the Direct Registration System will not be required to take any action. No fractional ADSs will be issued, and any fractional entitlements will be settled in cash, after deduction of applicable taxes, fees and expenses.
The ADS Ratio Change is expected to have a significant impact on the Company's stock price and liquidity. The change will likely result in a reduction of the company's share count, which could potentially lead to an increase in the price of its shares. However, the Company's CFO, Wang Hong, emphasized that the ADS Ratio Change will not affect the company's operations or financial performance.
The ADSs are expected to continue trading on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker symbol "NWGL," effective at the open of business on November 6, 2026, subject to Nasdaq confirmation. The ADS Ratio Change is expected to be completed by the end of the year, with the new CUSIP number being effective as of the same date.
CL Workshop Group Limited, a global forestry company that focuses on the timber and wood products industry, is expected to undergo a significant change in its American Depositary Shares (ADSs) to Class A ordinary shares. The change will have the same effect as a one-for-eighty (80) reverse split, reducing the number of ADSs from eight (8) to six hundred and forty (640). The ADS Ratio Change will impact the holdings of ADS holders, who will now have a significantly reduced number of shares. The ADSs are expected to continue trading on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker symbol "NWGL," effective at the open of business on November 6, 2026. The ADS Ratio Change is expected to be completed by the end of the year, with the new CUSIP number being effective as of the same date.