Intelligent Group Limited Approves Share Consolidation

Intelligent Group Limited (NASDAQ: INTJ) announced on October 27, 2025, that its Board of Directors has approved a share consolidation to address the Minimum Bid Price Deficiency notified by Nasdaq. The company received a letter from Nasdaq on September 23, 2025, stating that it no longer meets the minimum bid price requirement of $1 per share. The primary purpose of the share consolidation is to cure this deficiency. Details of the consolidation, including the ratio, effective date, and treatment of fractional shares, are subject to further approvals. The Board reserves the right to abandon the consolidation if it deems it no longer in the company's best interest. The company will provide updates as the approval processes progress.