Hong Kong, March 04, 2026 — Garden Stage Limited (the “Company” or “Garden Stage”), a Hong Kong-headquartered financial services provider primarily engaged in offering (i) placing and underwriting services; (ii) securities dealing and brokerage services; and (iii) asset management services, today announced that its authorized, issued, and outstanding Class A shares (each with a par value of US$0.0001, the “Class A Shares”) will undergo a 200-for-1 consolidation, effective on the marketplace date of March 6, 2026.
The goal of the share consolidation is to help the Company re-establish compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.
Starting from the opening of trading on March 6, 2026, the Company’s Class A Shares will trade on the Nasdaq Capital Market on an adjusted basis, using the same ticker symbol “GSIW” but a new CUSIP number: G3730L131.
As a result of the consolidation, each 200 outstanding Class A Shares will automatically combine and convert into one issued and outstanding Class A Share with a par value of US$0.02, without any action required from shareholders. Any fractional shares arising from the consolidation will be canceled and returned to the Company’s pool of authorized but unissued shares. The authorized, issued, and outstanding Class B shares (each with a par value of US$0.0001, the “Class B Shares”) will remain unchanged following the consolidation.
Immediately before the share consolidation, 282,485,623 Class A Shares and 9,250,000 Class B Shares were issued and outstanding. After the consolidation: (i) the total number of issued and outstanding Class A Shares will be approximately 1,412,428; and (ii) the total number of issued and outstanding Class B Shares will remain 9,250,000.
About Garden Stage Limited
Garden Stage Limited is a holding company incorporated in the Cayman Islands, with all its operations conducted through two wholly-owned Hong Kong subsidiaries: a) I Win Securities Limited, which holds a license to carry out Type 1 (dealing in securities) regulated activities under Hong Kong’s Securities and Futures Ordinance (the “SFO”); and b) I Win Asset Management Limited, licensed for Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO. I Win Securities Limited is a participant of the Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) and holds Hong Kong Stock Exchange Trading Rights. It is also a participant of the Hong Kong Securities Clearing Company Limited.
Forward-Looking Statements
Certain statements in this announcement are forward-looking. These statements involve known and unknown risks and uncertainties, and are based on the Company’s current expectations and projections regarding future events it believes may impact its financial condition, operating results, business strategy, and financial requirements. Investors can identify many (but not all) of these statements by the use of terms such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this document. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect subsequent events, circumstances, or changes in expectations, except as required by law. While the Company believes the expectations in these statements are reasonable, it cannot guarantee they will be accurate. The Company advises investors that actual results may differ materially from anticipated outcomes and encourages them to review other factors affecting future results in the Company’s registration statement and other SEC filings.
For more information, please contact:
Garden Stage Limited
Investor Relations Department
Email:
