Hong Kong, March 12, 2025 — Following up on its March 4, 2025, announcement, Wang & Lee Group, Inc. (Nasdaq: WLGS) plans to issue a cryptocurrency dividend to shareholders once profits are realized and if the company’s audited financial statements reflect sufficient retained earnings.

The company’s exploration of a crypto dividend highlights its dedication to embracing innovative financial technologies and providing shareholders with value in new ways.

Wang & Lee’s crypto dividend initiative aims to both reward shareholders and protect their interests by mitigating potential market abuses like naked short selling and the trading of counterfeit shares. By utilizing blockchain technology, the company intends to:

-**Expose Naked Short Selling:** This occurs when shares are sold without being borrowed, artificially inflating supply and distorting market prices. A crypto dividend distribution will reveal these activities, as only registered shareholders will receive the dividend. Short sellers will be required to cover their positions, leading to a fairer, more transparent market.

-**Identify Counterfeit Shares:** Blockchain’s inherent immutability enables the company to establish a definitive record of all legitimate shares. Any shares not recorded on the blockchain will be flagged as counterfeit, protecting shareholders from dilution and ensuring the integrity of the company’s share structure.

The dividend will be distributed once the Group becomes profitable, contingent on market conditions.

While specific details are still being finalized, the company is considering a cryptocurrency dividend to give shareholders a secure, seamless, and modern method of value transfer. The exact cryptocurrency, record date, distribution method, and timeline will be announced later. The company is partnering with leading blockchain and financial technology firms to ensure a compliant and efficient process.

About WANG & LEE GROUP, Inc.

WANG & LEE GROUP, Inc., based in Hong Kong, operates as a construction prime and subcontractor, specializing in the installation of Electrical & Mechanical Systems. This encompasses low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning, fire service systems, and water supply and sewage disposal systems for both public and private sector projects. They also offer design and contracting services across all construction trades, catering to clients ranging from startups to large corporations.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

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