Smart Logistics Global Ltd

Smart Logistics Global Limited announced the results of its Annual General Meeting held on July 10, 2026. Shareholders approved all six proposals, including the re-election of five directors and the ratification of Privatco CPA Limited as the independent auditor. Key corporate actions approved include the re-designation of shares into a dual-class structure (Class A with 1 vote, Class B with 50 votes) and a share consolidation at a ratio between 1-for-5 and 1-for-100. The company's Class A Ordinary Shares began trading under the existing symbol "SLGB" on July 10, 2026.

Smart Logistics Global Ltd. announced its Annual General Meeting (AGM) to be held on July 10, 2026, where shareholders will vote on several key proposals. These include the re-election of five directors and the ratification of Privatco CPA Limited as the independent auditor. The company also proposes significant corporate actions, including a share re-designation to establish a dual-class share structure with Class A (1 vote) and Class B (50 votes) ordinary shares, and related amendments to its articles of association. Additionally, shareholders will consider approving a reverse share split at a ratio between 1-for-5 and 1-for-100.

Smart Logistics Global Limited received a notice from Nasdaq on May 1, 2026, indicating non-compliance with the minimum bid price requirement. The company's ordinary shares traded below $1.00 for 30 consecutive business days, from March 19, 2026, through April 30, 2026. SLGB has an initial compliance period of 180 calendar days, until October 28, 2026, to regain compliance by having its share price close at or above $1.00 for at least ten consecutive business days. The notice does not result in immediate delisting, and the company is evaluating options to cure the deficiency.

Smart Logistics Global Limited announced it received a written notification from Nasdaq Listing Qualifications Department regarding non-compliance with the minimum bid price requirement. The company's ordinary shares traded below US$1.00 for 30 consecutive business days from March 19, 2026, to April 30, 2026. Smart Logistics Global has an initial compliance period of 180 calendar days, until October 28, 2026, to regain compliance by having its shares close at or above US$1.00 for at least ten consecutive business days. The notification does not immediately affect the listing of its shares on The Nasdaq Capital Market.

Smart Logistics Global Ltd (SLGB) reported a 7.3% decrease in fiscal year 2025 revenue to RMB628.5 million (US$89.9 million) and a net loss of RMB18.2 million (US$2.6 million), compared to a net income of RMB8.7 million in 2024. The decline was attributed to reduced customer demand, particularly in coal and steel sectors, and a significant non-cash share-based consulting expense. Despite this, the company improved its gross profit margin to 4.7% from 4.1% and increased total transportation distance by 11.7%, indicating a shift to longer-haul routes. SLGB also announced a new Northern Supply Chain Center in Xuzhou, Jiangsu Province, to support long-haul business growth and expects a gradual recovery in the PRC economy in 2026.