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GlobeNewswire·

Fitell Corporation Announces Completion of Redomiciliation to the British Virgin Islands

FTEL
  • Fitell Corporation completed its redomiciliation from the Cayman Islands to the British Virgin Islands as a BVI business company on March 5, 2026.
  • The redomiciliation was approved by shareholders at an extraordinary general meeting held on December 12, 2025.
  • All issued & outstanding ordinary shares were exchanged on a one-for-one basis following the close of trading on March 6, 2026.
  • Fitell's Class A ordinary shares will continue trading on the Nasdaq Capital Market under the symbol "FTEL" with the new CUSIP number G3514S104.
  • The Company expects the move to reduce costs, streamline reporting requirements, & lower administrative burdens for the Company & investors.
  • Fitell operates as an online retailer of gym & fitness equipment in Australia through its subsidiary GD Wellness Pty Ltd, serving over 100,000 customers.
  • The Company's proprietary brand portfolio includes Muscle Motion, Rapid Motion, & FleetX under the Gym Direct brand, comprising over 2,000 SKUs.
  • Forward-looking statements in the release are subject to risks including regulatory issues & potential Nasdaq matters regarding loyalty payments.
  • Edwin Tam serves as the Chief Financial Officer, & investor inquiries can be directed to ir@fitellcorp.com.