Hong Kong, March 24, 2025 – Wang and Lee Group, Inc. (NASDAQ: WLGS) announced today that CEO Joe Ho and NQ Marble Pty Ltd Director Kim Cheng will travel to Australia within 10 days for an onsite inspection of the marble quarry linked to the Group’s recent US$71 million contract. This trip highlights the company’s dedication to its dual green energy strategy and securing long-term, sustainable infrastructure growth.

The inspection will assess operational readiness, resource evaluation, and integration plans for marble extraction and solar crypto mining at the quarry. Mr. Ho stated that the project is set to create two new revenue streams for the group: production of high-quality Australian natural marble for global construction and solar battery crypto mining. The project also supports the Group’s strategic entry into the ESG (Environmental, Social, and Governance) sector, strengthening its position in sustainable development.

CEO Joe Ho: Vision for Growth and Sustainability
Mr. Ho stated, “This onsite visit is a crucial step in realizing our vision. The Australian quarry is not just a source of premium marble; it’s a starting point for innovative ESG-driven technologies. By utilizing renewable energy, we aim to establish a new industry standard while diversifying our revenue. This project demonstrates that economic growth and environmental responsibility can coexist. We are also optimistic about Bitcoin reaching US$100,000 or more.”

NQ Marble Director Kim Cheng: Operational Excellence
Ms. Kim Cheng added, “Our team is eager to directly evaluate the quarry’s capabilities and work with local partners to ensure operational excellence. This venture will meet the increasing global demand for sustainable building materials and establish NQ Marble as a leader in eco-conscious resource management.”

Strategic Implications
The Australia quarry project, part of Wang and Lee Group’s broader expansion into green energy, is expected to increase the company’s margins and ESG credentials. By transforming mining byproducts into renewable energy, the Group plans to reduce waste, lower carbon emissions, and develop scalable clean energy solutions for related industries.

About WANG & LEE GROUP, Inc.

WANG & LEE GROUP, Inc., based in Hong Kong, is a construction prime and subcontractor specializing in the installation of Electrical & Mechanical Systems, including low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems, fire service systems, water supply and sewage disposal systems, and fitting out for both public and private sectors. They also offer design and contracting services for all trades in the construction industry, serving clients from small startups to large corporations.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These statements include those concerning the Company’s ability to grow its business and other non-historical statements, often identified by terms like “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar expressions. Actual results may differ significantly from those projected in these forward-looking statements due to factors such as the Company’s ability to achieve profitability, customer acceptance of new products, regulatory measures in countries with supply chain partners, demand for the Company’s products, customers’ economic conditions, competitive impacts, successful management, general economic conditions, and other risks detailed in the Company’s filings with the United States Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update them, except as required by law.

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