Nature Wood Group Limited Reveals New Controlling Shareholder After Finalizing Private Share Transfer
Change in Controlling Shareholder: Nature Wood Group Limited announced a change in its controlling shareholder following the completion of a private transaction on October 22, 2025, where approximately 86.82% of the company's shares were transferred to TUTU Business Services Limited and associated individuals.
Details of the Transaction: The share transfer involved 114,974,179 ordinary shares and was executed through a private sale of existing shares, with the company not issuing any new shares or being a party to the Share Purchase Agreement.
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CL Workshop Reports 24.8% Revenue Drop to $8.9 Million for H1 2025
- Revenue Decline: CL Workshop reported revenue of approximately $8.9 million for H1 2025, a 24.8% decrease from $11.9 million in H1 2024, primarily due to the global economic downturn and the crisis in the Chinese real estate market, indicating significant challenges in the home building and renovation sectors.
- Reduced Selling Expenses: Selling and distribution expenses decreased by 26.2% from approximately $1.4 million in 2024 to $1 million in 2025, aligning with the revenue drop and demonstrating the company's effectiveness in cost control measures.
- Increased Administrative Expenses: Administrative expenses rose by 53.8% from approximately $1 million in 2024 to $1.5 million in 2025, primarily due to the expansion of the product mix, reflecting the company's strategic investment in diversifying its product offerings.
- Profit Turnaround: The company achieved a profit of approximately $0.1 million for H1 2025, compared to a loss of $0.6 million in H1 2024, with the profit mainly attributed to gains from the disposal of discontinued operations, showcasing the company's efforts to navigate through challenging times.
CL Workshop Group Reports 24.8% Revenue Decline to $8.9 Million in H1 2025
- Revenue Decline: For the six months ended June 30, 2025, CL Workshop Group reported revenue of approximately $8.9 million, a 24.8% decrease year-over-year, primarily due to the global economic downturn and the crisis in the Chinese real estate market, which adversely affected both market demand and prices.
- Profit Turnaround: Despite the revenue drop, the company achieved a profit of approximately $0.1 million for H1 2025, compared to a loss of about $0.2 million in the same period of 2024, mainly driven by gains from the disposal of discontinued operations.
- Cost Control: Selling and distribution expenses decreased from $1.4 million in 2024 to $1 million in 2025, a reduction of approximately 26.2%, reflecting effective cost management in shipping aligned with the revenue decline.
- Rising Administrative Costs: Administrative expenses increased from $1 million in 2024 to $1.5 million in 2025, a rise of approximately 53.8%, primarily due to increased spending on expanding the product mix, indicating a strategic investment in diversification.
Nature Wood Group Changes Name to CL Workshop Group, Shareholder Proposals Approved
- Company Renaming: At the 2025 AGM, shareholders unanimously approved changing the company's name from Nature Wood Group Limited to CL Workshop Group, aiming to enhance brand image and better reflect the company's business direction.
- Share Reorganization: Shareholders approved the reclassification of company shares into Class A and Class B ordinary shares, a structural adjustment that will help optimize the capital structure and attract more investors.
- Bylaw Amendments: The adoption of the second amended and restated memorandum and articles of association ensures that the company's governance aligns with modern corporate management standards, thereby enhancing transparency and compliance to boost investor confidence.
- Global Business Overview: Nature Wood Group, as a leading vertically-integrated forestry company, focuses on the timber and wood products industry, covering the entire supply chain from forest management to wood processing and distribution, particularly excelling in wood product exports from Peru.
Nature Wood Group Changes Name to CL Workshop Group, Shareholder Proposals Approved
- Company Renaming: At the 2025 AGM, Nature Wood Group approved changing its name to CL Workshop Group, aiming to enhance brand image and better reflect its business direction.
- Share Reorganization: The AGM approved the reclassification of company shares into Class A and Class B ordinary shares, which will help optimize the capital structure and attract more investors.
- Bylaw Amendments: The adoption of the second amended and restated memorandum and articles of association ensures that the company's governance structure aligns with its business development, enhancing transparency and compliance.
- Global Business Expansion: As a leading vertically-integrated forestry company, Nature Wood focuses on the timber and wood products industry across multiple markets, further solidifying its position in global wood product exports.
Nature Wood Announces Management Changes and Appoints Liying Wang as CEO
Board Changes Announced: Nature Wood Group (NWGL) revealed several changes in its board of directors and officers on Monday.
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Nature Wood Group Limited Announces Changes in Its Board of Directors and Officers
Board Resignations: Nature Wood Group Limited announced the resignation of several key executives, including the Director and Chairman, Chief Financial Officer, and Chief Executive Officer, effective November 3, 2025, with no disagreements cited as the reason for their departures.
New Appointments: The company appointed Ms. Liying WANG as the new Director and Chief Executive Officer, Ms. Hong WANG as the Chief Financial Officer, and Mr. Zhilin CAI as Chief Strategy Officer, all effective November 3, 2025.
Leadership Backgrounds: Ms. Liying WANG has six years of experience in corporate management and media, Ms. Hong WANG has seventeen years in corporate finance, and Mr. Zhilin CAI has thirteen years in enterprise management and strategic planning.
Company Overview: Nature Wood Group Limited is a leading vertically-integrated forestry company involved in timber and wood products, with operations spanning forest management and wood processing, and is a major exporter of wood products in Peru.
CL Workshop Reports 24.8% Revenue Drop to $8.9 Million for H1 2025
- Revenue Decline: CL Workshop reported revenue of approximately $8.9 million for H1 2025, a 24.8% decrease from $11.9 million in H1 2024, primarily due to the global economic downturn and the crisis in the Chinese real estate market, indicating significant challenges in the home building and renovation sectors.
- Reduced Selling Expenses: Selling and distribution expenses decreased by 26.2% from approximately $1.4 million in 2024 to $1 million in 2025, aligning with the revenue drop and demonstrating the company's effectiveness in cost control measures.
- Increased Administrative Expenses: Administrative expenses rose by 53.8% from approximately $1 million in 2024 to $1.5 million in 2025, primarily due to the expansion of the product mix, reflecting the company's strategic investment in diversifying its product offerings.
- Profit Turnaround: The company achieved a profit of approximately $0.1 million for H1 2025, compared to a loss of $0.6 million in H1 2024, with the profit mainly attributed to gains from the disposal of discontinued operations, showcasing the company's efforts to navigate through challenging times.
CL Workshop Group Reports 24.8% Revenue Decline to $8.9 Million in H1 2025
- Revenue Decline: For the six months ended June 30, 2025, CL Workshop Group reported revenue of approximately $8.9 million, a 24.8% decrease year-over-year, primarily due to the global economic downturn and the crisis in the Chinese real estate market, which adversely affected both market demand and prices.
- Profit Turnaround: Despite the revenue drop, the company achieved a profit of approximately $0.1 million for H1 2025, compared to a loss of about $0.2 million in the same period of 2024, mainly driven by gains from the disposal of discontinued operations.
- Cost Control: Selling and distribution expenses decreased from $1.4 million in 2024 to $1 million in 2025, a reduction of approximately 26.2%, reflecting effective cost management in shipping aligned with the revenue decline.
- Rising Administrative Costs: Administrative expenses increased from $1 million in 2024 to $1.5 million in 2025, a rise of approximately 53.8%, primarily due to increased spending on expanding the product mix, indicating a strategic investment in diversification.
Nature Wood Group Changes Name to CL Workshop Group, Shareholder Proposals Approved
- Company Renaming: At the 2025 AGM, shareholders unanimously approved changing the company's name from Nature Wood Group Limited to CL Workshop Group, aiming to enhance brand image and better reflect the company's business direction.
- Share Reorganization: Shareholders approved the reclassification of company shares into Class A and Class B ordinary shares, a structural adjustment that will help optimize the capital structure and attract more investors.
- Bylaw Amendments: The adoption of the second amended and restated memorandum and articles of association ensures that the company's governance aligns with modern corporate management standards, thereby enhancing transparency and compliance to boost investor confidence.
- Global Business Overview: Nature Wood Group, as a leading vertically-integrated forestry company, focuses on the timber and wood products industry, covering the entire supply chain from forest management to wood processing and distribution, particularly excelling in wood product exports from Peru.
Nature Wood Group Changes Name to CL Workshop Group, Shareholder Proposals Approved
- Company Renaming: At the 2025 AGM, Nature Wood Group approved changing its name to CL Workshop Group, aiming to enhance brand image and better reflect its business direction.
- Share Reorganization: The AGM approved the reclassification of company shares into Class A and Class B ordinary shares, which will help optimize the capital structure and attract more investors.
- Bylaw Amendments: The adoption of the second amended and restated memorandum and articles of association ensures that the company's governance structure aligns with its business development, enhancing transparency and compliance.
- Global Business Expansion: As a leading vertically-integrated forestry company, Nature Wood focuses on the timber and wood products industry across multiple markets, further solidifying its position in global wood product exports.
Nature Wood Announces Management Changes and Appoints Liying Wang as CEO
Board Changes Announced: Nature Wood Group (NWGL) revealed several changes in its board of directors and officers on Monday.
Access Requirement: Users need to sign in to access their portfolio related to NWGL.
Nature Wood Group Limited Announces Changes in Its Board of Directors and Officers
Board Resignations: Nature Wood Group Limited announced the resignation of several key executives, including the Director and Chairman, Chief Financial Officer, and Chief Executive Officer, effective November 3, 2025, with no disagreements cited as the reason for their departures.
New Appointments: The company appointed Ms. Liying WANG as the new Director and Chief Executive Officer, Ms. Hong WANG as the Chief Financial Officer, and Mr. Zhilin CAI as Chief Strategy Officer, all effective November 3, 2025.
Leadership Backgrounds: Ms. Liying WANG has six years of experience in corporate management and media, Ms. Hong WANG has seventeen years in corporate finance, and Mr. Zhilin CAI has thirteen years in enterprise management and strategic planning.
Company Overview: Nature Wood Group Limited is a leading vertically-integrated forestry company involved in timber and wood products, with operations spanning forest management and wood processing, and is a major exporter of wood products in Peru.
