- Powell Max Limited (PMAX) expects to implement a **1-for-8 reverse stock split** effective **October 6, 2025**, with trading to begin on a split-adjusted basis under the current symbol **"PMAX"**.  **[2012096_0001213900-25-091361_ea0258701-6k_powell.htm:0]** 
- The Board of Directors approved the reverse stock split on **September 15, 2025**, and no stockholders' approval is required under BVI law.  **[2012096_0001213900-25-091361_ea0258701-6k_powell.htm:0]** 
- In connection with the reverse stock split, the authorized number of common stock shares will be reduced from 100,000,000 to a maximum of **12,500,000** ordinary shares.  **[2012096_0001213900-25-091361_ea0258701-6k_powell.htm:0]**

Powell Max Limited Announces 1-for-8 Reverse Stock Split

- Powell Max Limited reported a **net loss of HK$20.4 million (US$2.6 million)** for the six months ended June 30, 2025, a significant decline from a net profit of HK$0.8 million in the same period of 2024, despite a **5.3% increase in revenue to HK$23.9 million (US$3.1 million)**.  **[2012096_0001213900-25-090322_ea025548801ex99-1_powellmax.htm:0]** 
- The net loss was primarily driven by a **4.9-fold increase in general and administrative expenses** to HK$29.4 million (US$3.8 million) and a **10.0% rise in selling and distribution expenses** to HK$3.3 million (US$0.4 million) for the six months ended June 30, 2025.  **[2012096_0001213900-25-090322_ea025548801ex99-1_powellmax.htm:0]** 
- The company received a **delisting determination letter from Nasdaq on September 2, 2025**, for failing to meet the Minimum Bid Price Rule and the US$5,000,000 minimum stockholders' equity requirement, and has requested a hearing.  **[2012096_0001213900-25-090322_ea0255488-6k_powellmax.htm:28]**

Powell Max (PMAX)