Lianhe Sowell International Group Ltd

Lianhe Sowell International Group Ltd. has secured significant supply agreements for AI-powered automotive painting robots and spray booth systems in West and Southern Africa. These projects include delivering 10 robots to a West African automotive maintenance group and a pilot project in South Africa, marking the company's initial large-scale deployment in the region with plans for further expansion. Additionally, the company announced a 1-for-16 share consolidation, effective June 22, 2026, to maintain its Nasdaq Capital Market listing.

Lianhe Sowell International Group Ltd announced a strategic partnership to expand into the Southeast Asian intelligent painting market, specifically Thailand and ASEAN. This move leverages advanced robotics and AI to enhance painting quality, improve operational efficiency, and boost workplace safety for automotive aftermarket providers. The company plans to establish localized service centers in key markets like Thailand and Vietnam and anticipates delivering more painting robots to the region by the end of 2026, reinforcing its market position.

Lianhe Sowell International Group Ltd shareholders approved all five proposed resolutions at an extraordinary general meeting. Key approvals include a 16-for-1 share consolidation for both Class A and Class B Ordinary Shares, an increase in authorized share capital from $50,000 to $80,000,000, and the adoption of an amended and restated Memorandum and Articles of Association. Additionally, the board was granted discretion to implement future share consolidations over the next two years, with ratios ranging from 2:1 to 250:1, along with corresponding M&A amendments.

Lianhe Sowell International Group Ltd will hold an Extraordinary General Meeting on May 28, 2026, to vote on several proposals. The primary proposal is a 1:16 reverse stock split (share consolidation) for both Class A and Class B Ordinary Shares, aimed at regaining compliance with Nasdaq's minimum bid price requirement. The company also seeks to significantly increase its authorized share capital and grant the Board authority for future share consolidations.