SINGAPORE, June 16, 2026 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd (("Trident" or the "Company, NASDAQ:TDTH), a leading catalyst for digital transformation in technology optimization services and Web 3.0 activation based in Singapore, today announced its plan to terminate the amended and restated Deposit Agreement dated September 11, 2024, as amended, by and among the Company, Citibank, N.A. (the "Depositary"), and the holders of American depositary shares (the "ADSs") from time to time (the "Deposit Agreement"), effective July 16, 2026 (the "Termination").

In connection with the Termination, the Company will hold an extraordinary general meeting of shareholders on July 8, 2026 at which its shareholders will vote on a redesignation of the Company's share capital, an increase to the Company's authorized share capital, as well as a 240-for-1 share consolidation of its ordinary shares, such that every two hundred and forty (240) existing ordinary shares of par value of US$0.00001 each will be consolidated into one (1) ordinary share of par value of US$0.0024 each (the "Share Consolidation"), to take effect immediately following the completion of the mandatory exchange of all outstanding ADSs of the Company for the underlying Class B ordinary shares of the Company pursuant to the termination of the Deposit Agreement.

The Depositary of the Company's American depositary receipts (the "ADRs") will distribute to all holders and beneficial owners of the Company's ADRs a notification regarding the termination of the ADR facility for the Company's ADSs pursuant to the Deposit Agreement. The effective date of the termination of the Deposit Agreement will be ...