{"success":true,"data":{"pressRelease":{"id":"161944","rtpr_id":"nGNXbNjbV1-20261006","ticker":"GLE","exchange":"NASDAQ","all_tickers":["GLE"],"title":"Global Engine Group Holding Limited Announces 1-for-10 Share Consolidation","author":"Globe Newswire","published_at":"2026-10-06T13:00:02.662Z","article_body":"HONG KONG, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Global Engine Group Holding\nLimited (NASDAQ: GLE) (the “Company” or “GLE”), a Hong\nKong-headquartered integrated solutions provider in information communication\ntechnologies (“ICT”), today announced that the Company will effectuate a\n1-for-10 share consolidation of the Company’s ordinary shares of\nUS$0.0000625 par value each (the “Share Consolidation”).\n\nBeginning with the opening of trading on October 8, 2026, the Company’s\nClass A ordinary shares will begin trading on a post-Share Consolidation basis\non the Nasdaq Capital Market under the same symbol “GLE”, but under a new\nCUSIP number of G39711117. The objective of the Share Consolidation is to\nenable the Company to regain compliance with Nasdaq Marketplace Rule\n5550(a)(2) and maintain its listing on the Nasdaq Capital Market.\n\nUpon the effectiveness of the Share Consolidation, every ten (10) Class A\nordinary shares with a par value of US$0.0000625 each will be consolidated\ninto one (1) Class A ordinary share with a par value of US$0.000625 each, and\nevery ten (10) Class B ordinary shares with a par value of US$0.0000625 each\nwill be consolidated into one (1) Class B ordinary share with a par value of\nUS$0.000625 each. No fractional shares will be issued as a result of the Share\nConsolidation. Instead, any fractional shares that would have resulted from\nthe Share Consolidation will be rounded up to the next whole number.\nImmediately prior to the Share Consolidation, the Company has a total of\n16,060,000 Class A ordinary shares and 4,640,000 Class B ordinary shares\nissued and outstanding, respectively. As a result of the Share Consolidation,\nthe Company will have approximately 1,606,000 Class A ordinary shares and\n464,000 Class B ordinary shares issued and outstanding, respectively, subject\nto the rounding up of any fractional shares. The Share Consolidation affects\nall shareholders uniformly and will not alter any shareholder’s percentage\ninterest in the Company’s outstanding ordinary shares, except for\nadjustments that may result from the treatment of fractional shares. The Share\nConsolidation was approved by the Company’s board of directors on August 5,\n2026. The Company has elected to follow home country practice in lieu of the\nshareholder approval requirements of Nasdaq Marketplace Rule 5635 in\nconnection with the Share Consolidation. Accordingly, no shareholder approval\nof the Share Consolidation was required.\n\nAbout Global Engine Group Holding Limited\n\nGlobal Engine Group Holding Limited is an integrated solutions provider that\noperates via wholly-owned subsidiaries incorporated in Hong Kong to deliver\n(i) ICT solution services which include the cloud platform deployment, IT\nsystem design and configuration, maintenance, data center colocation and cloud\nservices; (ii) technical services which include the technical development,\nsupport, and outsourcing services for data center and cloud computing\ninfrastructure, mobility and fixed network communications, as well as\ninternet-of-things (“IoT”) projects; and (iii) project management services\nwhich enhances productivity and collaboration management and enables\nsuccessful implementations and adoption of solutions for customers, to drive\nbusiness outcomes and innovation for its customers. GLE’s target customer\ngroups include: (i) small to medium-sized telecom operators and ICT service\nproviders seeking expansion in Hong Kong and the South East Asian market; (ii)\ndata center and cloud computing services providers; and (iii) IoT solutions\nproviders. For more information, please visit: www.globalengine.com.hk;\nir.globalengine.com.hk.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements. Forward-looking\nstatements include statements concerning plans, objectives, goals, strategies,\nfuture events or performance, and underlying assumptions and other statements\nthat are other than statements of historical facts. When the Company uses\nwords such as “may, “will, “intend,” “should,” “believe,”\n“expect,” “anticipate,” “project,” “estimate” or similar\nexpressions that do not relate solely to historical matters, it is making\nforward-looking statements. Forward-looking statements are not guarantees of\nfuture performance and involve risks and uncertainties that may cause actual\nresults to differ materially from the Company’s expectations discussed in\nthe forward-looking statements. These forward-looking statements are subject\nto uncertainties and risks including, but not limited to, the uncertainties\nrelated to market conditions and other risk factors discussed in the reports\nof the Company filed with the SEC. For these reasons, among others, investors\nare cautioned not to place undue reliance upon any forward-looking statements\nin this press release. Additional factors are discussed in the Company’s\nfilings with the SEC, which are available for review at www.sec.gov. The\nCompany undertakes no obligation to publicly revise these forward-looking\nstatements to reflect events or circumstances that arise after the date\nhereof.\n\nFor more information, please contact:\n\nInvestor Relations\nEmail: ir@globalengine.com.hk\nPhone: +852 3955 2300\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/159ebbd7-de6b-4e80-977d-70320a4ac08d)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbNjbV1-20261006","title":"Global Engine Group Holding Limited Announces 1-for-10 Share Consolidation","author":"Globe Newswire","ticker":"GLE","created":"2026-10-06T13:00:02.662Z","tickers":["GLE"],"exchange":"NASDAQ","article_body":"HONG KONG, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Global Engine Group Holding\nLimited (NASDAQ: GLE) (the “Company” or “GLE”), a Hong\nKong-headquartered integrated solutions provider in information communication\ntechnologies (“ICT”), today announced that the Company will effectuate a\n1-for-10 share consolidation of the Company’s ordinary shares of\nUS$0.0000625 par value each (the “Share Consolidation”).\n\nBeginning with the opening of trading on October 8, 2026, the Company’s\nClass A ordinary shares will begin trading on a post-Share Consolidation basis\non the Nasdaq Capital Market under the same symbol “GLE”, but under a new\nCUSIP number of G39711117. The objective of the Share Consolidation is to\nenable the Company to regain compliance with Nasdaq Marketplace Rule\n5550(a)(2) and maintain its listing on the Nasdaq Capital Market.\n\nUpon the effectiveness of the Share Consolidation, every ten (10) Class A\nordinary shares with a par value of US$0.0000625 each will be consolidated\ninto one (1) Class A ordinary share with a par value of US$0.000625 each, and\nevery ten (10) Class B ordinary shares with a par value of US$0.0000625 each\nwill be consolidated into one (1) Class B ordinary share with a par value of\nUS$0.000625 each. No fractional shares will be issued as a result of the Share\nConsolidation. Instead, any fractional shares that would have resulted from\nthe Share Consolidation will be rounded up to the next whole number.\nImmediately prior to the Share Consolidation, the Company has a total of\n16,060,000 Class A ordinary shares and 4,640,000 Class B ordinary shares\nissued and outstanding, respectively. As a result of the Share Consolidation,\nthe Company will have approximately 1,606,000 Class A ordinary shares and\n464,000 Class B ordinary shares issued and outstanding, respectively, subject\nto the rounding up of any fractional shares. The Share Consolidation affects\nall shareholders uniformly and will not alter any shareholder’s percentage\ninterest in the Company’s outstanding ordinary shares, except for\nadjustments that may result from the treatment of fractional shares. The Share\nConsolidation was approved by the Company’s board of directors on August 5,\n2026. The Company has elected to follow home country practice in lieu of the\nshareholder approval requirements of Nasdaq Marketplace Rule 5635 in\nconnection with the Share Consolidation. Accordingly, no shareholder approval\nof the Share Consolidation was required.\n\nAbout Global Engine Group Holding Limited\n\nGlobal Engine Group Holding Limited is an integrated solutions provider that\noperates via wholly-owned subsidiaries incorporated in Hong Kong to deliver\n(i) ICT solution services which include the cloud platform deployment, IT\nsystem design and configuration, maintenance, data center colocation and cloud\nservices; (ii) technical services which include the technical development,\nsupport, and outsourcing services for data center and cloud computing\ninfrastructure, mobility and fixed network communications, as well as\ninternet-of-things (“IoT”) projects; and (iii) project management services\nwhich enhances productivity and collaboration management and enables\nsuccessful implementations and adoption of solutions for customers, to drive\nbusiness outcomes and innovation for its customers. GLE’s target customer\ngroups include: (i) small to medium-sized telecom operators and ICT service\nproviders seeking expansion in Hong Kong and the South East Asian market; (ii)\ndata center and cloud computing services providers; and (iii) IoT solutions\nproviders. For more information, please visit: www.globalengine.com.hk;\nir.globalengine.com.hk.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements. Forward-looking\nstatements include statements concerning plans, objectives, goals, strategies,\nfuture events or performance, and underlying assumptions and other statements\nthat are other than statements of historical facts. When the Company uses\nwords such as “may, “will, “intend,” “should,” “believe,”\n“expect,” “anticipate,” “project,” “estimate” or similar\nexpressions that do not relate solely to historical matters, it is making\nforward-looking statements. Forward-looking statements are not guarantees of\nfuture performance and involve risks and uncertainties that may cause actual\nresults to differ materially from the Company’s expectations discussed in\nthe forward-looking statements. These forward-looking statements are subject\nto uncertainties and risks including, but not limited to, the uncertainties\nrelated to market conditions and other risk factors discussed in the reports\nof the Company filed with the SEC. For these reasons, among others, investors\nare cautioned not to place undue reliance upon any forward-looking statements\nin this press release. Additional factors are discussed in the Company’s\nfilings with the SEC, which are available for review at www.sec.gov. The\nCompany undertakes no obligation to publicly revise these forward-looking\nstatements to reflect events or circumstances that arise after the date\nhereof.\n\nFor more information, please contact:\n\nInvestor Relations\nEmail: ir@globalengine.com.hk\nPhone: +852 3955 2300\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/159ebbd7-de6b-4e80-977d-70320a4ac08d)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-06T13:00:03.536301112Z","server_sent_at_ms":1791291603536},"received_at":"2026-10-06T13:00:03.587Z","source_url":null},"analysis":{"id":"150448","press_release_id":"161944","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["reverse split undertaken to cure Nasdaq minimum bid price deficiency (Rule 5550(a)(2))","1:10 reverse split signals listing compliance risk and potential future delisting action","no shareholder approval sought (home country practice elected)"],"eventType":"reverse_split","narrative":"Global Engine Group Holding (NASDAQ: GLE) will effect a 1-for-10 share consolidation of its Class A and Class B ordinary shares beginning October 8, 2026.\n\nThe stated objective is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing, indicating the share price had fallen below the $1 minimum bid requirement.\n\nShares outstanding drop from about 16.06 million Class A and 4.64 million Class B to roughly 1.61 million and 464,000 respectively; the consolidation affects all shareholders uniformly and required no shareholder vote under home-country practice.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"1-for-10 reverse split to cure Nasdaq listing deficiency -- classic small-cap compliance signal worth watching for follow-on weakness."},"keyFigures":{"customDimensions":{"effective_date":"2026-10-08","class_a_shares_post":1606000,"class_b_shares_post":464000,"reverse_split_ratio":"1-for-10","class_a_shares_prior":16060000,"class_b_shares_prior":4640000}},"quotedText":"The objective of the Share Consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market.","namedEntities":{"people":[],"products":[],"companies":[{"name":"Global Engine Group Holding Limited","ticker":"GLE","relationship":"filer"},{"name":"Nasdaq","relationship":"exchange"}],"dollarAmounts":[]},"materialImpact":{"score":4,"reasoning":"1-for-10 reverse split (ratio at the 1:10 threshold) undertaken explicitly to regain Nasdaq listing compliance under Rule 5550(a)(2), signaling minimum-bid-price deficiency risk."},"tickerRelevance":{"others":[],"primary":"GLE"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"reverse-split-listing-compliance","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"reverse_split","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"Global Engine Group Holding (NASDAQ: GLE) will effect a 1-for-10 share consolidation of its Class A and Class B ordinary shares beginning October 8, 2026.\n\nThe stated objective is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing, indicating the share price had fallen below the $1 minimum bid requirement.\n\nShares outstanding drop from about 16.06 million Class A and 4.64 million Class B to roughly 1.61 million and 464,000 respectively; the consolidation affects all shareholders uniformly and required no shareholder vote under home-country practice.","key_figures":{"customDimensions":{"effective_date":"2026-10-08","class_a_shares_post":1606000,"class_b_shares_post":464000,"reverse_split_ratio":"1-for-10","class_a_shares_prior":16060000,"class_b_shares_prior":4640000}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Global Engine Group Holding Limited","ticker":"GLE","relationship":"filer"},{"name":"Nasdaq","relationship":"exchange"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-06T13:00:20.102Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"reverse-split-listing-compliance","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":5329,"modelName":"glm-5.3-flashx"}}