CL Workshop Group Ltd has announced a significant change to its American Depositary Shares (ADS) ratio, effective November 6, 2026. The company will adjust the ratio from one ADS representing eight Class A ordinary shares to one ADS representing 640 Class A ordinary shares. This change is intended to increase the per-ADS trading price and help the company regain compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per ADS for continued listing.

The adjustment means that for holders of the company’s ADSs, this change will function similarly to a one-for-eighty reverse split. The ADSs will continue trading on the Nasdaq Capital Market under the ticker symbol “NWGL.” The new CUSIP number for the ADSs will be 63903R205.

CL Workshop Group Ltd is a global forestry company that specializes in the production and distribution of wooden products, including logs, decking, flooring, and sawn timber. The company operates primarily through a worldwide sales network. The recent filing indicates that the ADS ratio change is part of a strategy to enhance the company’s market position and ensure compliance with regulatory requirements.

According to the filing, no action is required from the holders of the ADSs to implement this change. Additionally, no fractional new ADSs will be issued; instead, any fractional entitlements will be aggregated and sold, with the net cash proceeds distributed to the applicable ADS holders.

The company has stated that while it is optimistic about the potential benefits of the ADS ratio change, there is no guarantee that it will successfully regain or maintain compliance with Nasdaq’s continued-listing requirements.

Looking ahead, CL Workshop Group Ltd may provide further updates in upcoming filings as it navigates this transition. The company aims to stabilize its stock performance and enhance investor confidence through this strategic adjustment.