Hong Kong, China, Nov. 07, 2025 – New Century Logistics (BVI) Limited, also referred to as “New Century” or the “Company,” a NASDAQ-listed entity, has announced its intention to execute a 1-for-8 reverse stock split on its common stock. The reverse split is slated to become effective on Friday, November 14, 2025, contingent upon the Company fulfilling Nasdaq Operations’ notice mandates. Trading on a split-adjusted basis is expected to commence at the market open on the same day. The common stock will continue to trade on the Nasdaq Stock Market under its existing symbol, “NCEW.” Post-split, the common stock will be assigned a new CUSIP number: G64627113. Should there be any postponement of the effective date, the Company will issue a subsequent press release to provide an update.
The Company’s Board of Directors has given its approval for the 1-for-8 reverse stock split.
Once the reverse stock split becomes effective, every eight shares of the Company’s currently issued and outstanding common stock will automatically convert into a single share of issued and outstanding common stock. No fractional shares will be issued as a result of this reverse stock split; instead, any fractional shares that would otherwise arise will be rounded up to the nearest whole number. This reverse stock split will impact all stockholders uniformly and will not alter any stockholder’s proportional ownership interest in the Company’s outstanding common stock, apart from adjustments potentially resulting from the handling of fractional shares.
In conjunction with the reverse stock split, the Company has submitted Amended and Restated Articles of Association to the Financial Services Commission of the British Virgin Islands. This filing reduces the authorized number of the Company’s common stock from 100,000,000 shares to 12,500,000 shares, reflecting the same ratio as the reduction in its issued and outstanding common stock. The shares will continue to have no par value, and there will be no alteration to the par value per share. The Company’s Board of Directors approved the reverse stock split on October 3, 2025. Under BVI law, no stockholder approval is mandated for this reverse stock split.
About New Century Logistics (BVI) Limited
New Century operates as an international freight forwarding and logistics service provider. Its clientele comprises direct shippers and other freight forwarders. New Century assists its clients with both import and export operations, primarily arranging shipments upon receiving booking instructions. These services include selling cargo space, coordinating cargo pickup, conducting off-airport air cargo security screening, palletization, preparing shipping documentation, facilitating customs clearance, and managing cargo at ports. New Century’s revenues from freight forwarding services predominantly derive from air freight export shipments to regions such as North America, Europe, and Asia.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements.” Such statements, which are not historical facts, can be identified by the use of terminology like “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes,” or the negatives of these or similar terms. Readers are advised against undue reliance on these forward-looking statements. Actual outcomes could materially diverge from New Century’s expectations and projections. These forward-looking statements are based on our expectations and projections regarding future events, derived from information currently available to us. By highlighting such information and statements, the Company alerts readers that they are subject to known and unknown risks, uncertainties, and other factors that could cause the Company’s actual results, activity levels, performance, or achievements to differ substantially from those expressed or implied by such information and statements. A more thorough discussion of the risks and uncertainties confronting the Company can be found in its registration statement, Annual Information Form, and other continuous disclosure filings, all accessible on EDGAR at . While the Company has endeavored to identify crucial factors that could cause actual results to materially differ from those contained in the forward-looking information and statements, other factors might exist that lead to results not being as anticipated, estimated, or intended. In connection with the forward-looking information and statements in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors utilized in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements. No assurance or guarantee can be given that such forward-looking information and statements will prove accurate, as actual results and future events could differ materially from those foreseen in such information and statements. The forward-looking statements discussed in this press release, along with other statements made periodically by us or our representatives, may not materialize, and actual events and results could differ materially and are subject to risks, uncertainties, and assumptions about us, including those detailed in New Century Logistics’ prospectus filed with the SEC. We do not commit to updating any forward-looking statement as a result of new information, future events, or developments, except as mandated by U.S. federal securities laws.
Contact:
New Century Logistics (BVI) Ltd
A-E 33/F King Palace Plaza
55 King Yip Street
Kwun Tong Hong Kong
