GLE

HONG KONG, March 31, 2025 (GLOBE NEWSWIRE) -- Global Engine Group Holding Limited (Nasdaq: GLE) (the “Company” or “GLE”), a Hong Kong-headquartered integrated solutions provider in information communication technologies, today announced the results of the Company’s Extraordinary General of Shareholders (the “EGM”) held on 10:00 am, Hong Kong time, March 27, 2025 (10:00 pm U.S. Eastern Time, March 26, 2025) at its executive office at Room C, 19/F, World Tech Centre, 95 How Ming Street, Kwun Tong, Kowloon, Hong Kong, and virtually by teleconference. At the EGM, shareholders of the Company approved the proposals that: the currently issued 18,300,000 ordinary shares of par value of US$0.0000625 be re-designated and re-classified into Class A ordinary shares of par value US$0.0000625 each with 1 vote per share on a one for one basis, and the remaining authorised but unissued ordinary shares of be re-designated and re-classified into (i) 581,700,000 Class A Ordinary Shares on a one for one basis and (ii) 200,000,000 Class B ordinary shares of par value US$0.0000625 each with 20 votes per share; adopt new memorandum and articles of association (the “New M&A”) of the Company to reflect the adoption of a dual-class share structure, and the provision of the rights and privileges of Class A Ordinary Shares and Class B Ordinary Shares; 4,640,000 Class A Ordinary Shares held by Valuable Fortune Limited be repurchased in exchange for the issuance of 4,640,000 Class B Ordinary Shares to Valuable Fortune Limited. The Company plans to effectuate the proposed corporate actions by filing with the registry of corporate affairs of the British Virgin Islands the New M&A on March 31, 2025, and expects that the re-classified Class A Ordinary Shares to commence trading on Nasdaq on or around April 7, 2025. About Global Engine Group Holding Limited Global Engine Group Holding Limited is an integrated solutions provider that operates via a wholly-owned subsidiary incorporated in Hong Kong to deliver (i) ICT solution services which include the cloud platform deployment, IT system design and configuration, maintenance, data center colocation and cloud services; (ii) technical services which include the technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, as well as IoT projects; and (iii)...