Basel Medical Group Ltd (NASDAQ:BMGL) (the "Company"), a medical clinic operator in Singapore, today announced that the Company's board of directors has approved the consolidation of the Company's issued and outstanding shares of the Company on a 1-for-12 ratio with the marketplace effective date of June 22, 2026.

The objective of the reverse share split is to enable the Company to recomply with Nasdaq Marketplace Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1 per share. According to the law of the British Virgin Islands, the jurisdiction of the Company's incorporation, and its memorandum and articles of association, no approval by shareholders and no amendment of the Company's articles of association will be required for the reverse share split.

Beginning with the opening of trading on June 22, 2026, the Company's ordinary shares which have no par value will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "BMGL" but with a new CUSIP number, G0864B111.