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Recent Updates — NWGL

August 28, 2026View Source ↗

CL Workshop Group Limited announced on August 28, 2026, that its subsidiary Nature Flooring (Europe) Company Limited entered into a sale and purchase agreement to dispose of Swift Top Capital Resources Limited for US$1.00. The disposal group, engaged in log trading and IT consultancy, recorded pro forma losses before tax of approximately $0.2 million for the year ended December 31, 2025, and $1.5 million for the seven months ended July 31, 2026. The board views this transaction as a means to eliminate ongoing negative impacts on profitability and cash flows caused by market downturns and geopolitical conflicts. Additionally, the filing incorporates Exhibit 99.1 detailing unaudited pro forma financial statements of the remaining group. CL Workshop Group Limited operates in the trading of logs and wood products.

August 26, 2026View Source ↗

On August 15, 2026, independent director Heung Ming Henry Wong resigned from the board and all committees for personal reasons. On August 25, 2026, the company appointed Haijiang Cui as an independent director to fill the vacancy. Mr. Cui brings experience in corporate governance and manufacturing operations. The board also appointed Dr. Kin Shing Charles Lau as chairperson of the Audit, Compensation, and Nominating committees effective August 15, 2026. CL Workshop Group Limited operates in the workshop and industrial equipment sector.

August 7, 2026View Source ↗

CL Workshop Group Limited consummated a private placement on August 7, 2026, selling 12,300,000 units at US$0.20 per unit for aggregate gross proceeds of approximately US$2.46 million. Each unit comprises one American Depositary Share (ADS) representing eight Class A ordinary shares and one warrant to purchase three ADSs at an exercise price of US$0.25 per ADS, expiring one year after the resale registration statement becomes effective. The company intends to use net proceeds for working capital and general corporate purposes. Additionally, the company elected to rely on the Nasdaq home country practices exemption in lieu of complying with certain shareholder approval requirements under Nasdaq Listing Rule 5615(a)(3). CL Workshop Group Limited operates in the workshop and manufacturing services industry.

July 14, 2026View Source ↗

CL Workshop Group Limited entered into a securities purchase agreement on July 14, 2026, for a private placement of 12,300,000 units at $0.20 per unit. Each unit includes one ADS and one warrant to purchase three ADSs at an exercise price of $0.25 per ADS. The offering is expected to generate approximately $2.46 million in gross proceeds, with potential additional proceeds of $9.225 million if all warrants are exercised for cash. The company operates in the workshop and repair services industry.