Recent Updates — ELOG
Eastern International Ltd. received a Nasdaq notification on September 10, 2026, stating that its ordinary shares no longer meet the minimum bid price requirement of $1.00 per share due to closing prices below this threshold for 30 consecutive trading days. The company has an 180-day compliance period until March 9, 2027, to restore compliance by achieving a closing bid price of at least $1.00 for ten consecutive business days. Failure to comply may result in delisting proceedings or require a reverse stock split to regain eligibility. Eastern International Ltd. operates in the logistics and construction industry, providing domestic and cross-border professional logistic services and new energy infrastructure construction.
Eastern International Ltd. entered into a Securities Purchase Agreement on August 27, 2026, to issue and sell 200,000 Series B Preferred Shares to Chairman and CEO Albert Wong for an aggregate of US$200,000 at $1.00 per share. Each preferred share carries 100 votes and is convertible into one ordinary share at the holder's option. The transaction was approved by the Board's special committee and full Board. Eastern International Ltd. operates in the international trade and logistics industry.
On August 5 and August 12, 2026, the Board of Directors accepted resignations from Mr. Yu-yun Tristan Kuo and Mr. Chun Pong (Colman) Chiu for their positions as board members and committee members, effective immediately upon receipt of their letters. Both executives stated that their departures were not due to any disagreements with the Company regarding financial or accounting policies or operations. Eastern International Ltd. operates in the international trading industry.
At an Extraordinary General Meeting on June 22, 2026, shareholders of Eastern International Ltd. approved a share redesignation and share capital changes. The company's authorized share capital will be USD 50,000, authorized for 450,000,000 ordinary shares, 1,000,000 Series A preferred shares, and 49,000,000 preferred shares. The company adopted a Third Amended and Restated Memorandum and Articles of Association. Eastern International Ltd. is a Cayman Islands company that operates in the technology and science and technology development sector.