Masonglory Limited (the "Company") has restructured its equity capital through an 8-to-1 share consolidation and a subsequent reclassification into dual-class ordinary shares, effective from the open of business on August 11, 2026. Shareholders approved these changes at the Company’s Extraordinary General Meeting (EGM) held on July 31, 2026. The restructuring alters the voting dynamics of the Hong Kong-based wet trades subcontractor, introducing a new class of high-voting shares alongside standard voting equity.

The Share Consolidation combines every eight issued and unissued shares of par value US$0.0001 into one share of par value US$0.0008. Consequently, the Company’s authorized share capital remains constant at US$50,000 but is now divided into 62,500,000 shares instead of the previous 500,000,000 shares. This consolidation reduces the number of outstanding shares by a factor of eight, adjusting the per-share par value proportionally without changing the total nominal capital.

Following the consolidation, the Company executed a Reclassification of the 62,500,000 authorized shares into two distinct classes: Class A Ordinary Shares and Class B Ordinary Shares. This move establishes a dual-class voting structure, granting disproportionate voting power to holders of Class B shares. The specific allocation of the authorized capital is detailed below.

The Reclassification corrects a discrepancy in the filing regarding the pre-reclassification share count, which initially referenced 65,200,000 shares before confirming the final authorized count of 62,500,000 shares post-consolidation. The Class A Shares will continue to trade on the Nasdaq Capital Market under the ticker symbol "MSGY" with the new CUSIP Number G6007A118. The Class B Shares are not explicitly stated to trade separately in this announcement, suggesting they may be held by insiders or controlling entities to maintain governance control.

What the Numbers Show

The creation of Class B shares with fifty votes per share represents a significant shift in corporate governance. With only 2,500,000 Class B shares authorized against 60,000,000 Class A shares, holders of Class B equity can exert substantial influence over shareholder decisions despite holding a minority of the economic interest. This structure is often employed by management or founding families to retain control while raising capital from public markets. Investors should monitor future filings to determine the initial allocation of these high-voting shares and any restrictions on their transferability.

Founded in 2018 in Hong Kong, Masonglory Limited operates as a registered specialist trade contractor (plastering-group 2) since 2020. The Company provides wet trades services, including plastering, tile laying, brick laying, floor screeding, and marble works, to property developers and the Hong Kong government. The capital restructuring does not alter the Company’s operational focus but may impact future strategic decisions by concentrating voting power.