Uni-Fuels Announces Effective Date Of Share Consolidation

SINGAPORE, Oct 30 (Bernama) -- Uni-Fuels Holdings Limited (“Uni-Fuels” or the “Company”) (Nasdaq: UFG), a global provider of marine fuel solutions headquartered in Singapore, today announced that it will effect a share consolidation of its Class A ordinary shares of par value US$0.0001 each and Class B ordinary shares of par value US$0.0001 each at a ratio of 1-for-10, effective on November 3, 2026 (the “Share Consolidation”). The Company’s Class A ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on November 3, 2026. Upon the market opening on November 3, 2026, the Company’s Class A ordinary shares will continue to be traded on The Nasdaq Stock Market under the symbol “UFG” with the new CUSIP number G92Y4F134.

Prior to the Share Consolidation, 9,815,000 Class A ordinary shares and 22,650,000 Class B ordinary shares are issued and outstanding. As a result of the Share Consolidation, every 10 shares (or part thereof) will be combined into one (1) share, with fractional shares rounded up to the next whole share, and approximately 981,500 Class A ordinary shares and 2,265,000 Class B ordinary shares will be issued and outstanding after the Share Consolidation. The Company is authorized to issue 500,000,000 number of shares, divided into two Classes consisting of: (i) 450,000,000 Class A ordinary shares of par value US$0.001 each and (ii) 50,000,000 Class B ordinary shares of par value US$0.001 each. All outstanding stock options, warrants and other rights to purchase the Company’s Class A ordinary shares will be adjusted proportionately as a result of the Share Consolidation.