Seoul:Uni-Fuels Holdings Limited, a global provider of marine fuel solutions headquartered in Singapore, has announced its decision to implement a share consolidation for its Class A and Class B ordinary shares at a ratio of 1-for-10. This consolidation will be effective on November 3, 2026.

According to BERNAMA News Agency, the Class A ordinary shares are set to trade on a post-consolidation basis when the market opens on the effective date. These shares will continue to be listed on The Nasdaq Stock Market under the symbol "UFG," and will have a new CUSIP number, G92Y4F134.

Before the consolidation, Uni-Fuels has 9,815,000 Class A and 22,650,000 Class B ordinary shares issued and outstanding. Post-consolidation, these numbers will reduce to approximately 981,500 Class A and 2,265,000 Class B ordinary shares. The company is authorized to issue a total of 500,000,000 shares, with 450,000,000 designated as Class A and 50,000,000 as Class B, each with a par value of US$0.001. Additionally, all existing stock options, warrants, and other rights related to the Class A shares will undergo proportional adjustments in response to the share consolidation.