Masonglory Ltd

Masonglory Limited shareholders approved an 8-for-1 share consolidation at an Extraordinary General Meeting. Immediately following this, shares will be reclassified into Class A (one vote per share) and Class B (fifty votes per share). Fung & Tun Limited's shares will be re-designated as Class B shares. These changes, along with new Memorandum and Articles of Association, will take effect by August 31, 2026, as determined by the board.

Masonglory Limited announced an Extraordinary General Meeting (EGM) to be held on July 31, 2026, for shareholders to consider significant corporate actions. The proposals include a 1-for-8 share consolidation, which will reduce the number of outstanding shares and increase the par value. Additionally, the company plans to reclassify its authorized share capital into Class A ordinary shares with one vote per share and Class B ordinary shares with 50 votes per share, with Fung & Tun Limited's shares being re-designated as Class B. These changes will be reflected in a new Memorandum and Articles of Association.