Hongli Group Inc.

Hongli Group Inc. announced the results of its Extraordinary General Meeting of Shareholders held on June 5, 2026. Shareholders approved several key resolutions, including a share capital reorganization to re-designate shares into Class A and Class B, a share capital reduction by decreasing the par value, and a share capital increase. Additionally, a flexible share consolidation plan, allowing for a ratio between 2:1 and 5,000:1, was approved. All related amendments to the company's constitutional documents were also passed.

Hongli Group Inc. announced the appointment of Mr. Li as a director. In connection with this appointment, the company entered into a director agreement and an indemnification agreement with Mr. Li on June 11, 2026. The terms of these agreements are consistent with the company's standard arrangements for its non-employee directors.

Hongli Group Inc. will hold an Extraordinary General Meeting on June 5, 2026, to vote on several proposals aimed at reorganizing its share capital. Key proposals include re-designating shares into a dual-class structure with differential voting rights (Class A: 1 vote, Class B: 200 votes), reducing the par value of shares, increasing authorized share capital, and authorizing a share consolidation (reverse stock split) to meet Nasdaq listing requirements. These changes are intended to enhance capital raising flexibility and ensure continued listing, though the dual-class structure could impact existing shareholder voting power.

Hongli Group Inc. reported robust financial results for the fiscal year ended December 31, 2025, marking a significant turnaround. The company achieved a 39.0% increase in total revenues, reaching $19.6 million, driven by growth in both domestic and international markets. This strong performance led to a net income of $1.9 million, representing an approximate $3.8 million year-over-year profit turnaround from a net loss in the prior year. The CEO highlighted disciplined cost management and strategic investments in R&D for future growth, particularly in energy storage applications.

Hongli Group Inc. announced the closing of its previously reported private placement offering. The company issued 1,300,000 ordinary shares to a U.S. investor at a price of $0.25 per share, resulting in aggregate gross proceeds of $325,000. The transaction, which closed on April 24, 2026, was conducted in reliance upon exemptions from registration under the Securities Act of 1933.