HONG KONG, May 07, 2025 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) (“W&L”, or the “Company”), Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, today announced that it received written notification on May 6, 2025, from The Nasdaq Stock Market LLC that it no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2). The closing bid p ...

Hong Kong, April 01, 2025 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ:WLGS) today announced the successful closing of its acquisition of Solar (HK) Limited ("SolarHK"). The transaction, initially announced on March 3, 2025, has now been finalized, marking a transformative step in WLGS's mission to accelerate Hong Kong's renewable energy transition through integrated solar and energy storage solutions. Mr. Ho, CEO of WANG & LEE GROUP, remarked: "The closing of this acquisition is a milestone in our co ...

Hong Kong, April 01, 2025 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) today announced the successful closing of its acquisition of Solar (HK) Limited ("SolarHK"). The transaction, initially announced on March 3, 2025, has now been finalized, marking a transformative step in WLGS's mission to accelerate Hong Kong's renewable energy transition through integrated solar and energy storage solutions. Accelerating Hong Kong's Green Energy Vision The acquisition of SolarHK strengthens WLGS's position ...

Hong Kong, March 31, 2025 (GLOBE NEWSWIRE) -- Wang and Lee Group, Inc. (NASDAQ: WLGS) today announced its strategic investment in Nasdaq-listed TROOPS, Inc. (NASDAQ: TROO). This collaboration aims to unlock synergies by integrating Wang and Lee's cutting-edge AI-driven advertising media, smart home devices, and blockchain-powered token rewards into TROOPS' expansive infrastructure. The investment is subject to customary closing conditions, regulatory approvals, and final agreement terms. Further details wil ...

Figure: 1 “StepSonic” Energized Panel at Hang Seng Bank Headquarters Building Figure: 2 Smart Flooring System Figure: 3 Smart Flooring System Figure: 4 “StepSonic” Energized Panel at Hang Seng Bank Headquarters Building Figure: 5 “Persistent Step Infinite Energy” Innovative partnership with City University of Hong Kong paves the way for sustainable urban solutions HONG KONG, March 28, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: ​WLGS) (the “Company”) today announced the succ ...

Innovative partnership with City University of Hong Kong paves the way for sustainable urban solutions HONG KONG, March 28, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: ​WLGS) (the "Company") today announced the successful installation of the first ever developed and made in Hong Kong smart flooring system capable of converting kinetic energy from human footsteps into usable electricity. This milestone achievement, developed in collaboration with City University of Hong Kong ("CityU"), marks a t ...

Core Insights - Wang and Lee Group, Inc. announced a US$71 million contract for a marble quarry in Australia, highlighting its commitment to sustainable infrastructure and green energy strategies [1][2] - The onsite inspection will evaluate operational readiness and resource integration for marble extraction and solar crypto mining, aiming to create two new revenue streams [2][3] - The project aligns with the company's strategic focus on ESG (Environmental, Social, and Governance) initiatives, enhancing its leadership in sustainable development [2][4] Company Strategy - CEO Joe Ho emphasized the quarry as a source of premium marble and a platform for ESG-driven technologies, aiming to set new industry benchmarks while diversifying revenue [3][4] - The project is expected to improve margins and ESG credentials by converting mining byproducts into renewable energy, thus reducing waste and carbon emissions [4] Operational Focus - NQ Marble's Director, Kim Cheng, expressed eagerness to assess the quarry's capabilities and collaborate with local partners to ensure operational excellence, meeting global demand for sustainable building materials [4]

Hong Kong, March 24, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: ​WLGS), a multinational leader in sustainable infrastructure and resource development, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 3,529,400 ordinary shares at a purchase price of $3.40 per ordinary share, together with Series A warrants to purchase up to 3,529,400 ordinary shares at an exercise price of $3.40 per ordinary share and Seri ...

Core Viewpoint - Wang & Lee Group, Inc. has entered into a securities purchase agreement to sell 3,529,400 ordinary shares at a price of $3.40 per share, along with Series A and Series B warrants [1][2]. Group 1: Securities Offering Details - The total gross proceeds from the offering are estimated to be approximately $12,000,000 before deducting fees and expenses [2]. - The Series A warrants can be exercised at an exercise price of $3.40 per share and are valid for five years from issuance [1]. - Series B warrants will have an initial exercise price of $0.0001 per share and will be exercisable three trading days after issuance [1]. Group 2: Company Background - Wang & Lee Group, Inc. is a Hong Kong-based construction prime and subcontractor specializing in Electrical & Mechanical Systems installation [5]. - The company provides services for both public and private sectors, including design and contracting services across various trades in the construction industry [5].

Core Insights - Wang & Lee Group, Inc. has formed a strategic partnership with HK Golden, Inc. to integrate ad-driven content into Linko's AI-powered smart home devices, allowing users to earn blockchain tokens for ad engagement, thereby enhancing ESG impact and consumer value [1][2][3] Group 1: Tokenized Ad Engagement - Users of Linko's devices will earn W&L-issued blockchain tokens for every minute spent interacting with HKGolden's ads, which can be redeemed for device upgrades, premium subscriptions, or cash [2] - The partnership ensures transparent tracking of ad engagement and token distribution through W&L's blockchain ledger [2] Group 2: ESG-Driven Synergy - A portion of the ad revenue generated will fund W&L's solar crypto-mines, linking user engagement to renewable energy growth and supporting global decarbonization goals [3] - The initiative promotes sustainable behavior by rewarding users for their engagement with ads [3] Group 3: Leadership Commentary - The CEO of Wang & Lee Group emphasized the transformation of passive ad consumption into active participation in the green economy, benefiting both users and the environment [4] - Representatives from Linko and HK Golden highlighted the enhanced value of devices and the pioneering nature of the alliance in redefining media monetization [4] Group 4: Strategic Benefits - Users can earn tokens through ad engagement, energy savings, and sustainable actions, while advertisers benefit from precise AI targeting, leading to higher ROI [5] - The partnership positions Wang & Lee as a leader in combining AI smart homes, blockchain rewards, and ESG-aligned media partnerships [5] Group 5: Projected Impacts - Anticipated user growth in Linko device adoption due to the integration of token rewards [6] - The alliance is projected to reduce household carbon footprints among participating users [6]