Smart Logistics Global Ltd
For the period ended Jun 22, 2026. Filed Jun 22, 2026.
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Jun 22, 2026 · Filed Jun 22, 2026
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Contents
EX-99.1 · Principal Effects of the Reverse Split
Principal Effects of the Reverse Split
After the effective date of the proposed Reverse Split, each shareholder will own a reduced number of ordinary shares. Except for adjustments that may result from the treatment of fractional shares as described below, the proposed Reverse Split will affect all shareholders uniformly. The proportionate voting rights and other rights and preferences of the holders of our ordinary shares will not be affected by the proposed Reverse Split (subject to the treatment of fractional shares). For example, a holder of 2% of the voting power of our outstanding ordinary shares immediately prior to a Reverse Split would continue to hold 2% of the voting power of the outstanding ordinary shares immediately after such Reverse Split. The number of shareholders of record also will not be affected by the proposed Reverse Split, except to the extent that as described below in “Treatment of Fractional Shares”, record holders of ordinary shares otherwise entitled to a fractional share as a result of the Reverse Split because they hold a number of shares not evenly divisible by the Approved Split Ratio will automatically be entitled to receive an additional fraction of an ordinary share, to round up to the next whole share. In any event, cash will not be paid for fractional shares.
The following table contains the approximate number of issued and outstanding ordinary shares, and the estimated per share trading price following a 1:5 to 1:100 Reverse Split, without giving effect to any adjustments for fractional shares of ordinary shares or the issuance of any derivative securities, as of June 10, 2026.
After Each Reverse Split Ratio (Assuming Proposals 3 and 4 are approved and our SLG Shares are re-designated and re-classified as Class A Ordinary Shares and Class B Ordinary Shares)
| Prior to Reverse Split | 1:5 | 1:10 | 1:100 | |
|---|---|---|---|---|
| Class A Ordinary Shares Authorized | 155,900,000,000 | 31,180,000,000 | 15,590,000,000 | 1,559,000,000 |
| Class A Ordinary Shares Issued and Outstanding | 25,000,000 | 5,000,000 | 2,500,000 | 250,000 |
| Number of Class A Ordinary Shares Reserved for Issuance | 0 | 0 | 0 | 0 |
| Number of Class A Ordinary Shares Authorized but Unissued and Unreserved | 155,875,000,000 | 31,175,000,000 | 15,587,500,000 | 1,558,750,000 |
| Par value of Class A Ordinary Share | 0.0001 | 0.0005 | 0.0010 | 0.0100 |
| Price per Share, based on the closing price of our Class A Ordinary Shares on June 18, 2026 | $0.7097 | 3.5485 | 17.7425 | 70.97 |
Our shares is currently registered under Section 12(b) of the Exchange Act, and we are subject to the periodic reporting and other requirements of the Exchange Act. The proposed Reverse Split will not affect the registration of our ordinary shares under the Exchange Act. Our shares would continue to be reported on the Nasdaq Capital Market under the symbol “SLGB,” assuming that we are able to regain compliance with the continued listing standard, although we expect that Nasdaq Capital Market will add the letter “D” to the end of the trading symbol for a period of twenty trading days after the effective date of the Reverse Split to indicate that the Reverse Split had occurred.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.