Global Engine Group Holding Ltd

Global Engine Group Holding Limited announced it has regained compliance with the Nasdaq Minimum Bid Price Requirement. The company received a notification letter from Nasdaq on October 30, 2026, confirming that its Class A ordinary shares had met the $1.00 minimum closing bid price for 10 consecutive business days. This resolves a previous non-compliance issue identified on October 27, 2025.

Global Engine Group Holding Limited (GLE) announced a Strategic Collaboration Agreement with Angkasa-X Holdings Corp. to deploy a "Space-to-AI" digital infrastructure platform in Sarawak, Malaysia. This agreement, signed on July 15, 2026, follows a previously announced non-binding memorandum of understanding. The collaboration aims to advance GLE's "AI + Edge + Space" strategy, expanding its capabilities beyond traditional ICT into next-generation digital infrastructure. The project involves building ground-stations linked to an Edge Datacenter, with a Proof of Concept targeted for completion in October 2027.

Global Engine Group Holding Limited (GLE) announced a Strategic Collaboration Agreement with Angkasa-X Holdings Corp. to jointly develop a "Space-to-AI" digital infrastructure platform in Sarawak, Malaysia. This partnership follows a non-binding memorandum of understanding from May 2026 and marks a significant expansion for GLE into next-generation digital infrastructure combining AI, edge computing, and space-based data capabilities. GLE will provide datacenter design and operational consulting, while Angkasa-X will construct and operate the ground-station and Edge Datacenter, with the PoC targeted for completion in October 2027.

Global Engine Group Holding Ltd reported a significant increase in net loss to HKD 5.4 million for the six months ended December 31, 2025, compared to HKD 1.2 million in the prior year period. This was driven by a substantial decrease in revenues to HKD 7.0 million from HKD 19.1 million, coupled with a sharp rise in general and administrative expenses. Despite the challenging financial performance, the company highlighted strategic investments and a subsequent MoU with Angkasa-X Holdings Corp. in May 2026 to expand its service offerings.

Global Engine Group Holding Limited announced it has entered into a non-binding Memorandum of Understanding (MOU) with Angkasa-X Holdings Corp. The collaboration aims to explore the integration of satellite networks, data infrastructure, and blockchain technology to support artificial intelligence (AI) applications, developing a fully integrated Space-to-AI digital infrastructure platform. This partnership is expected to enable Global Engine Group to expand its ICT services into underserved markets across Southeast Asia, Africa, Latin America, South Asia, and the Middle East by leveraging Angkasa-X's Low Earth Orbit (LEO) satellite network.

Global Engine Group Holding Limited (GLE) announced a non-binding strategic Memorandum of Understanding (MOU) with Angkasa-X Holdings Corp. to develop a fully integrated Space-to-AI digital infrastructure platform. This collaboration aims to integrate satellite services, global data infrastructure, and blockchain technology to power the evolving AI economy. GLE plans to leverage Angkasa-X’s LEO satellite network to extend its ICT services to underserved markets across Southeast Asia, Africa, Latin America, South Asia, and the Middle East. Both parties will conduct feasibility studies to roll out a proof of concept within three to six months.

Global Engine Group Holding Ltd (GLE) received an additional 180-calendar-day period from Nasdaq, extending its deadline to regain compliance with the $1.00 minimum bid price requirement until October 26, 2026. The company had previously failed to meet the requirement by the initial April 27, 2026 deadline. Nasdaq granted the extension based on GLE meeting other listing requirements and its stated intention to cure the deficiency, potentially through a reverse stock split. GLE is monitoring its share price and evaluating options, but there is no assurance of regaining compliance, which could ultimately lead to delisting.