SINGAPORE, July 18, 2025 — High-Trend International Group (referred to as the “Registrant” or the “Company”) (NASDAQ: HTCO), a worldwide ocean technology firm, issued a corrected press release today, revising its announcement from July 17, 2025, to clarify the effective date of its proposed share consolidation.

The corrected version of the original press release is provided below.

High-Trend International Group (the “Registrant” or the “Company”) (NASDAQ: HTCO), a global ocean technology firm, convened its Extraordinary General Meeting of Shareholders (the “Meeting”) on July 16, 2025. During the Meeting, shareholders sanctioned (1) a proposal to consolidate every 25 issued and unissued Class A ordinary shares, each with a par value of US$0.0001, and every 25 issued and unissued Class B ordinary shares, each with a par value of US$0.0001, within the Company’s current share capital. This consolidation will result in 1 Class A ordinary share with a par value of US$0.0025 and 1 Class B ordinary share with a par value of US$0.0025, respectively (each termed a “Consolidated Share”). These Consolidated Shares will possess equal standing in all regards, along with the rights, privileges, and restrictions outlined in the Company’s third amended and restated memorandum and articles of association (the “Share Consolidation”). Consequently, immediately after the Share Consolidation, the Company’s authorized share capital will transition from US$50,000, comprising 497,500,000 Class A ordinary shares (US$0.0001 par value each) and 2,500,000 Class B ordinary shares (US$0.0001 par value each), to US$50,000, made up of 19,900,000 Class A ordinary shares (US$0.0025 par value each) and 100,000 Class B ordinary shares (US$0.0025 par value each); (2) a proposal to immediately increase the Company’s authorized share capital, effective upon the Meeting’s conclusion, through the creation of an extra 470,000,000 Class A ordinary shares (US$0.0025 par value each) and 10,000,000 Class B ordinary shares (US$0.0025 par value each). These new shares will have equal standing with the existing Class A and Class B ordinary shares, respectively (this is termed the “Increase of Authorized Share Capital”). Consequently, directly after this Increase, the Company’s authorized share capital will change from US$50,000, composed of 19,900,000 Class A ordinary shares (US$0.0025 par value each) and 100,000 Class B ordinary shares (US$0.0025 par value each), to US$1,250,000, comprising 489,900,000 Class A ordinary shares (US$0.0025 par value each) and 10,100,000 Class B ordinary shares (US$0.0025 par value each); and (3) a proposal, effective immediately after the Meeting’s close, to entirely replace the Company’s currently effective second amended and restated memorandum and articles of association with the third amended and restated memorandum and articles of association that were appended to the Meeting notice. It should be noted that the Share Consolidation had not yet been finalized as of the date of this report, and the Company plans to follow standard Nasdaq protocols to implement it.

About High-Trend International Group

High-Trend International Group (also referred to as “High-Trend” or the “Company”) operates as a worldwide ocean technology enterprise, engaging in international shipping and initiatives for marine carbon neutrality. The Company leverages its technology ecosystem to bridge the maritime industry’s need for decarbonization with the carbon finance market’s supply, thereby establishing a novel framework for sustainable maritime practices.

Forward Looking Statements

This announcement includes “forward-looking” statements as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are protected by the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statement that is not a historical fact, including but not limited to those detailing the Company’s objectives, plans, and strategies herein, or those using terms like “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate,” or similar phrases, constitutes a “forward-looking statement”. Such statements encompass, but are not limited to, risks outlined in the Company’s submissions to the U.S. Securities and Exchange Commission, notably its Annual Report on Form 20-F for the fiscal year concluding October 31, 2024. These forward-looking statements are subject to various risks and uncertainties that could lead to the Company’s actual future outcomes differing substantially from projections. Should any of these risks or uncertainties materialize, or if underlying assumptions are found to be inaccurate, actual results might diverge significantly from what is expressed or implied by these forward-looking statements. All details provided in this press release are current as of its publication date, and the Company is not obligated to revise any forward-looking statement, unless mandated by relevant law.

SOURCE: High-Trend International Group