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Shengfeng Development Limited Announces 1-for-15 Reverse Stock Split with Marketplace Effective Date on September 8, 2026

FUZHOU, China, Sept. 2, 2026 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company providing customers with integrated logistics solutions in China, today announced that it intends to effect a 1-for-15 reverse stock split of the Company's Class A Ordinary Shares and Class B Ordinary Shares (the "Reverse Stock Split").