{"id":1017657,"date":"2026-11-05T11:06:38","date_gmt":"2026-11-05T16:06:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/"},"modified":"2026-11-05T11:06:38","modified_gmt":"2026-11-05T16:06:38","slug":"ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/","title":{"rendered":"OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <b>Torrance, Calif., Nov.  05, 2026  (GLOBE NEWSWIRE) &#8212; <\/b>OFA Group (Nasdaq: OFAL) (the \u201cCompany\u201d) today announced that it will effect a consolidation of its Class A ordinary shares at a ratio of 10-for-1 (the \u201cShare Consolidation\u201d), effective as of 12:01 a.m. Eastern Time on November 10, 2026 (the \u201cEffective Time\u201d). The Company\u2019s Class A ordinary shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market at the open of trading on November 10, 2026, under the existing symbol \u201cOFAL\u201d with a new CUSIP number, G6713S122.<\/p>\n<p align=\"justify\">At the Effective Time, every ten (10) authorized, issued and outstanding Class A ordinary shares will automatically be consolidated into one (1) Class A ordinary share, reducing the number of issued and outstanding Class A ordinary shares from 9,000,910 to approximately 900,093 (subject to rounding for fractional shares). No fractional shares will be issued in connection with the Share Consolidation. Any fractional share that would otherwise result will be rounded up to the nearest whole share.<\/p>\n<p align=\"justify\">The Share Consolidation will also consolidate, at a ratio of 10-for-1, the Company\u2019s authorized but undesignated and unissued shares. None of the Company\u2019s (i) authorized or issued and outstanding Class B ordinary shares, or (ii) designated (whether issued and outstanding or unissued) Series A Convertible Preferred Shares, are affected by the Share Consolidation.<\/p>\n<p align=\"justify\">The Share Consolidation was approved by the Company\u2019s shareholders at an annual general meeting held on October 5, 2026 and by the Company\u2019s Board of Directors on October 26, 2026.<\/p>\n<p align=\"justify\">Shareholders holding shares in book-entry form or through a bank, broker or other nominee do not need to take any action. Positions will be automatically adjusted to reflect the Share Consolidation.<\/p>\n<p align=\"justify\">Proportionate adjustments will be made to the number of Class A ordinary shares underlying, and the exercise or conversion prices of, the Company\u2019s outstanding options, warrants and convertible securities, and to the number of Class A ordinary shares reserved under the Company\u2019s equity incentive plans.<\/p>\n<p align=\"justify\">\n        <b>About OFA Group<\/b>\n      <\/p>\n<p align=\"justify\">OFA Group (Nasdaq: OFAL), through its wholly owned operating subsidiary, Office for Fine Architecture Limited, provides comprehensive architectural design and fit-out services for commercial and residential buildings. The Company is also developing proprietary artificial intelligence technologies designed to transform architectural planning, BIM automation, and digital construction workflows. By combining architectural expertise with AI-driven software solutions, OFA seeks to improve efficiency, scalability, and innovation across the global Architecture, Engineering and Construction (AEC) industry.<\/p>\n<p align=\"justify\">\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements. These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as \u201cwill,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cassume,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201cappear,\u201d \u201cproject,\u201d \u201cestimate,\u201d \u201chope,\u201d \u201cintend,\u201d \u201ctarget,\u201d \u201cforecast,\u201d or other words or phrases of similar import. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated. The forward-looking statements included in this press release are made only as of the date of this press release. The Company undertakes no obligation to update any forward-looking statements except as required by applicable law.<\/p>\n<p align=\"justify\">\n        <b>Contact<\/b>\n      <\/p>\n<p align=\"justify\">\n        <b>Investor Relations<\/b>\n      <\/p>\n<p align=\"justify\">OFA Group<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AW3UoN0UkwHvO7IdC9_j6mSXUkhR8Lr-f0BWuUQOaMIJdLHUxehvdvQjJg_2HVGMcgdEIpa0jOXYYDcak9JtJvoLb8XYcZ1pQaTCeF1l3dQ=\" rel=\"nofollow\" target=\"_blank\">info@ofagroup.com<\/a><br \/>Website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mqkKG-hll8eEzwWXWRgpGQZQlw_VMGd0DPIxmfW8HmRTYVLYccwe0-fMnVZl-5lUKo6uwfqv_ALSJyoNF6dUDUMIRW8K6fI-bZ83RhZIpWs=\" rel=\"nofollow\" target=\"_blank\">www.ofagroup.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MDgxNCM3OTQ3NDI0IzUwMDE0Nzk2Mw==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZWE5ZTg1MmMtZmZkNS00N2I2LWJjZTEtOTFjYWE1NTYwZTViLTUwMDE0Nzk2My0yMDI2LTExLTA1LWVu\/tiny\/OFA-Group.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Torrance, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) &#8212; OFA Group (Nasdaq: OFAL) (the \u201cCompany\u201d) today announced that it will effect a consolidation of its Class A ordinary shares at a ratio of 10-for-1 (the \u201cShare Consolidation\u201d), effective as of 12:01 a.m. Eastern Time on November 10, 2026 (the \u201cEffective Time\u201d). The Company\u2019s Class A ordinary shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market at the open of trading on November 10, 2026, under the existing symbol \u201cOFAL\u201d with a new CUSIP number, G6713S122. At the Effective Time, every ten (10) authorized, issued and outstanding Class A ordinary shares will automatically be consolidated into one (1) Class A ordinary share, reducing the number of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1017657","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Torrance, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) &#8212; OFA Group (Nasdaq: OFAL) (the \u201cCompany\u201d) today announced that it will effect a consolidation of its Class A ordinary shares at a ratio of 10-for-1 (the \u201cShare Consolidation\u201d), effective as of 12:01 a.m. Eastern Time on November 10, 2026 (the \u201cEffective Time\u201d). The Company\u2019s Class A ordinary shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market at the open of trading on November 10, 2026, under the existing symbol \u201cOFAL\u201d with a new CUSIP number, G6713S122. At the Effective Time, every ten (10) authorized, issued and outstanding Class A ordinary shares will automatically be consolidated into one (1) Class A ordinary share, reducing the number of &hellip; Continue reading &quot;OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-05T16:06:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MDgxNCM3OTQ3NDI0IzUwMDE0Nzk2Mw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares\",\"datePublished\":\"2026-11-05T16:06:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\\\/\"},\"wordCount\":541,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg3MDgxNCM3OTQ3NDI0IzUwMDE0Nzk2Mw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\\\/\",\"name\":\"OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares - 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The Company\u2019s Class A ordinary shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market at the open of trading on November 10, 2026, under the existing symbol \u201cOFAL\u201d with a new CUSIP number, G6713S122. At the Effective Time, every ten (10) authorized, issued and outstanding Class A ordinary shares will automatically be consolidated into one (1) Class A ordinary share, reducing the number of &hellip; Continue reading \"OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-05T16:06:38+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MDgxNCM3OTQ3NDI0IzUwMDE0Nzk2Mw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares","datePublished":"2026-11-05T16:06:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/"},"wordCount":541,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MDgxNCM3OTQ3NDI0IzUwMDE0Nzk2Mw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ofa-group-announces-10-for-1-consolidation-of-class-a-ordinary-shares\/","name":"OFA Group Announces 10-for-1 Consolidation of Class A Ordinary Shares - 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