EHGO

Eshallgo Announces 1 for 16 Share Consolidation

Shanghai, China , April 16, 2026 (GLOBE NEWSWIRE) -- Eshallgo Inc. ("Eshallgo" or the "Company") (Nasdaq: EHGO), a provider of integrated office and enterprise technology solutions, including AI-enabled tools, today announced a share consolidation of the Company's issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1 for 16 shares (the “Reverse Split”), which will take effect at the open of The Nasdaq Stock Market (“Nasdaq”) on April 20, 2026. On January 8, 2026, the Company held an annual general meeting of the shareholders, and the shareholders approved to implement a share consolidation of the Company's Class A ordinary shares and Class B ordinary shares, at a ratio of not less than 1-for-10 and not more than 1-for-200 (the “Range”), with the final ratio to be set at a whole number within the Range to be determined by the board of directors of the Company (the “Board”) in its sole discretion at any time after approval by the shareholders, and authorize the Board to implement such share consolidation at its sole discretion at any time prior to the one-year anniversary of the shareholders meeting. On April 10, 2026, the Board approved implementation of the Reverse Split at a ratio of 1 for 16 shares.