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Shengfeng Development Limited Executes Reverse Stock Split

On September 2, 2026, Shengfeng Development Limited, a prominent contract logistics provider based in China, announced its decision to implement a reverse stock split at a ratio of 1-for-15. The changes will take effect when the stock opens for trading on the Nasdaq Capital Market on September 8, 2026.

What the Reverse Stock Split Entails

The decision for the reverse stock split was approved by the shareholders at an extraordinary general meeting on August 24, 2026. This move will shrink the total number of outstanding Class A Ordinary Shares from approximately 40.6 million to about 2.7 million, and Class B shares from roughly 41.9 million to around 2.8 million. Effectively, this means that every 15 shares of Class A will be consolidated into one new share, and the same applies to Class B.

This adjustment does not change the rights or preferences associated with the shares. If any fractional shares are produced during this process, they will be rounded up to the nearest whole share. The par value of the shares will see an increment from $0.0001 to $0.0015 post-split.

Implications for Shareholders

For shareholders, the reverse stock split is designed to enhance the company's stock price while remaining consistent with shareholder rights. VStock Transfer, LLC will oversee the exchange process, acting as the exchange agent. They will inform shareholders of record about the changes and reassure those holding shares in book-entry form or through brokers that their holdings will be automatically adjusted. They can be reached at 212-828-8436 for any inquiries.

About Shengfeng Development Limited

Founded in 2001, Shengfeng Development Limited specializes in offering integrated logistics solutions within China. The company has established a robust network across the region, enabling efficient freight transportation, cloud storage services, and value-added services to its clientele. Their operational efficiency is further supported by a well-defined management system that aims to enhance clients' logistics capabilities and operational management.

The company emphasizes its commitment to navigating the complexities of supply chains in China, guiding businesses through effective logistics strategies tailored to meet modern demands.

For more information about their services, interested parties can visit their official website at Shengfeng Development Limited.

Looking Ahead

As with any corporate restructuring, the reverse stock split carries potential risks and uncertainties. Investors and stakeholders are encouraged to stay proactive and informed, especially in light of the current economic conditions and competitive landscape. The announcement also reflects Shengfeng's broader strategy to position itself effectively within the logistics sector and respond to market needs dynamically.

As the effective date approaches, shareholders and market observers alike will be keenly watching the company's progress, anticipating how this strategic move may play into Shengfeng Development Limited's future opportunities and growth trajectory.