Shengfeng Development Announces 1-for-15 Reverse Stock Split Effective September 8, 2026

Shengfeng Development Limited (NASDAQ: SFWL) filed a Form 6-K with the SEC on September 2, 2026, announcing a 1-for-15 reverse stock split of its Class A and Class B Ordinary Shares. The split was approved by shareholders at an extraordinary general meeting held on August 24, 2026, and will become effective on the Nasdaq Capital Market on September 8, 2026. Following the split, outstanding Class A Ordinary Shares will decrease from approximately 40,617,513 to approximately 2,707,834, and Class B Ordinary Shares from approximately 41,880,000 to approximately 2,792,000. The par value of each share will proportionally increase from US$0.0001 to US$0.0015. The reverse stock split will not modify any rights or preferences, and fractional shares will be rounded up to the nearest whole number. VStock Transfer, LLC will act as the exchange agent, automatically adjusting book-entry positions. A new CUSIP number, G8117B 119, will be assigned to the Class A Ordinary Shares. The Company also incorporated this Form 6-K by reference into its Form F-3 registration statement.