Creative Global Technology Holdings Limited Completes Initial Public Offering and Over-Allotment “`

Hong Kong, November 27, 2024 – Creative Global Technology Holdings Limited (“CGTL”), a Hong Kong-based firm specializing in the sourcing and resale of recycled consumer electronics, today announced the completion of its initial public offering (IPO) of 1,250,000 ordinary shares at $4.00 per share, generating gross proceeds of $5,000,000 before expenses. The IPO closed on November 27, 2024, with shares beginning trading on the Nasdaq Capital Market on November 26, 2024, under the symbol “CGTL”.

CGTL also completed the sale of an additional 187,500 shares through the full exercise of the underwriters’ over-allotment option, at the IPO price of $4.00 per share, raising an extra $750,000 in gross proceeds before expenses.

The offering was a firm commitment underwriting. Benjamin Securities, Inc. served as the lead underwriter, with Prime Number Capital, LLC as co-manager. Jun He Law Offices LLC acted as U.S. legal counsel for CGTL, and Winston & Strawn LLP represented the underwriters.

CGTL plans to use the IPO proceeds for general corporate purposes, including expanding its wholesale operations and creating a wholesale auction platform, expanding its retail business, entering strategic overseas markets, and building a repair and refurbishment facility.

A registration statement on Form F-1 (File No. 333-273329) was filed with and declared effective by the U.S. Securities and Exchange Commission (SEC) on November 18, 2024. The offering is made solely via prospectus. Prospectuses are available from Benjamin Securities, Inc.: 3 West Garden Street Suite 407 Pensacola, FL 32502, via email at or by calling (516) 931-1090. Prospectuses are also accessible on the SEC website at .

Potential investors should review the prospectus and other SEC filings for comprehensive information about CGTL and the offering. This press release does not constitute an offer to sell or solicitation of an offer to buy securities where prohibited by law.

About Creative Global Technology Holdings Limited

Creative Global Technology Holdings Limited is committed to extending the lifespan of consumer electronics through responsible recycling, promoting a sustainable circular economy, and reducing electronic waste. The company connects buyers and sellers of pre-owned devices, maximizing their value. CGTL specializes in sourcing and reselling recycled smartphones, tablets, and laptops, facilitating the movement of used devices from developed markets (such as the U.S. and Japan) to developing regions needing affordable technology. Its lean inventory and efficient logistics ensure rapid inspection and product availability. CGTL has also expanded into retail sales and device rentals, offering Hong Kong residents access to high-quality recycled electronics and short-term rental solutions. For more information, please visit: ; .

Forward-Looking Statement

This press release includes forward-looking statements. These statements, concerning plans, objectives, strategies, future events or performance, and underlying assumptions, are not statements of historical fact. The use of words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions (unless solely related to historical matters) indicates forward-looking statements. These include statements about the anticipated trading of Ordinary Shares on Nasdaq and the closing of the offering. Forward-looking statements are not guarantees and involve risks and uncertainties. Actual results may differ materially from expectations due to factors such as market conditions, the successful completion of the IPO, and other risks described in the “Risk Factors” section of the SEC filing. Investors should not place undue reliance on these statements. Additional information is available in CGTL’s SEC filings at . CGTL assumes no obligation to update these forward-looking statements.

For more information, please contact:

Underwriters

Benjamin Securities, Inc.
(516) 931-1090

Prime Number Capital, LLC
(516)717-5671

Investor Relations
WFS Investor Relations Inc.
Janice Wang, Managing Partner
Email:
Phone: +86 13811768599
+1 628 283 9214

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