BGM Group Ltd. Announces Share Consolidation

BGM Group Ltd. announced a share consolidation of all its issued and unissued Class A ordinary shares, Class B ordinary shares, and preferred shares at a 30-for-1 ratio. Each thirty shares of a specific class will be consolidated into one share of that class, with adjusted par values. No fractional shares will be issued; instead, shareholders will receive one share in lieu of any fractional share. The Class A ordinary shares are expected to trade on a post-consolidation basis on The Nasdaq Capital Market under the symbol "BGM" starting October 1, 2026, with a new CUSIP number. This consolidation was approved by shareholders on September 5, 2026, and the board of directors on August 11, 2026. The consolidation will reduce the number of outstanding Class A ordinary shares from 380,623,358 to 12,687,445, subject to adjustments for fractional shares. Following the consolidation, the company