For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-eighty (80) reverse split.

The Class A ordinary shares of the Company will not be affected by the ADS Ratio Change. No ordinary shares will be issued or cancelled in connection with the ADS Ratio Change, and holders of the Company's ordinary shares will be unaffected by the new ADS Ratio.

The ADSs are expected to continue trading on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker symbol "NWGL," effective at the open of business on November 6, 2026 (the "Effective Date"), subject to Nasdaq confirmation. The new CUSIP number will be 63903R205.

ADS holders holding through DTC or the Direct Registration System will not be required to take any action. No fractional ADSs will be issued, and any fractional entitlements will be settled in cash, after deduction of applicable taxes, fees and expenses.

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