FGI Industries Ltd. — fact timeline

FGI Industries Ltd. reported first quarter 2026 results: revenue $30.5 million, net income net loss attributable to shareholders of $1.0 million.

“of kitchen and bath products, today announced results for the first quarter 2026. FIRST QUARTER 2026 HIGHLIGHTS (As compared to the first quarter of 2025) ▪ Total revenue of $30.5 million, -8.2% y/y ▪ Gross profit of $8.2 million , -8.3% y/y ▪ Gross margin of 26.8% , 0 bps y/y ▪ Operating loss of $0.7 million and net loss attributable to shareholders of $1.0”

FGI Industries Ltd. engaged Marcum Asia CPAs LLP as its auditor.

“(b) Engagement of Independent Registered Public Accounting Firm. On April 20, 2026, the Audit Committee appointed Marcum Asia CPAs LLP (“Marcum Asia”) as our independent registered public accounting firm to audit our consolidated financial statements for the fiscal year ending December 31, 2026.”

FGI Industries Ltd. dismissed CBIZ CPAs P.C. as its auditor.

“(a) Dismissal of Independent Registered Public Accounting Firm. On April 20, 2026, the Audit Committee (the “Audit Committee”) of the Board of Directors of FGI Industries Ltd.”

FGI Industries Ltd. reported the fourth quarter and full-year 2025 results: revenue $30.5 million.

“bath products, today announced results for the fourth quarter and full-year 2025. FOURTH QUARTER 2025 HIGHLIGHTS (As compared to the fourth quarter of 2024) ▪ Total revenue of $30.5 million, -14.4% y/y ▪ Gross profit of $8.1 million , -6.8% y/y ▪ Gross margin of 26.7% , +210 bps y/y ▪ Operating loss of $0.7 million and net loss attributable to shareholders of $2.6”

FGI Industries Ltd. entered into Credit Agreement with East West Bank valued at $18,000,000 (effective 2026-03-27).

“On March 27, 2026, FGI Industries Ltd (the “Company”), through its wholly owned subsidiary FGI Industries, Inc. (the “Borrower”) and certain other loan parties, entered into an Amended and Restated Business Loan Agreement (the “Credit Agreement”) with East West Bank (the “Lender”).”

FGI Industries Ltd. incurred credit facility of $18,000,000 with East West Bank at Prime Rate plus a margin between 0% and 1.5% (subject to a minimum rate of 4.500 maturing April 17, 2027.

“The Credit Agreement amends and restates the Borrower’s existing credit facility with the Lender and extends the maturity date of the facility through April 17, 2027 and maintains a maximum borrowing amount of $18,000,000, subject to borrowing base limitations.”

FGI Industries Ltd. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2)).

“August 14, 2025, FGI Industries Ltd. (the “Company”) received written confirmation from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). Consequently, the Company is now in compliance with all applicable listing standards and will continue to be listed on the Nasdaq Capital Market. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly”

FGI Industries Ltd.: Company filed an amendment to its Amended and Restated Memorandum and Articles of Association to effect a 1-for-5 reverse share split of ordinary shares (effective 2025-07-31).

“On July 28, 2025, FGI Industries Ltd. (the “Company”) filed an amendment (the “Amendment”) to the Company’s Amended and Restated Memorandum and Articles of Association with the Registrar of Companies in the Cayman Islands to effect a 1-for-5 reverse share split (the “Reverse Share Split”) of the Company’s ordinary shares, par value $0.0001 per share (“Ordinary Shares”).”

FGI Industries Ltd. engaged CBIZ CPAs P.C. as its auditor.

“On April 22, 2025, the Audit Committee of the Company’s Board of Directors approved the engagement of CBIZ as the Company’s independent registered public accounting firm.”

Marcum LLP resigned as auditor of FGI Industries Ltd..

“(a) Resignation of Independent Registered Public Accounting Firm. On November 1, 2024, CBIZ CPAs P.C. (“CBIZ”) acquired the attest business of Marcum LLP (“Marcum”). On April 22, 2025, FGI Industries Ltd. (the “Company”) was notified by Marcum that it was resigning as the Company’s independent registered public accounting firm.”

FGI Industries Ltd. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“September 6, 2024 that the closing bid price for our common stock had been below $1.00 per share for the previous 30 consecutive business days, and that we were therefore not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). Pursuant to the original notice, the Company had a 180-day period in which to regain compliance. Neither the original notice nor the extension has any immediate effect on the listing or trading of our common stock on The Nasdaq Capital Market. We remain subject”

FGI Industries Ltd. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

“er 6, 2024 that the closing bid price for our common stock had been below $1.00 per share for the previous 30 consecutive business days, and that we were therefore not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). Pursuant to the original notice, the Company had a 180-day period in which to regain compliance. Neither the original notice nor the extension has any immediate effect on the listing or trading of our common stock on The Nasdaq Capital Market. We remain subject to the”

Jae Chung was appointed as Chief Financial Officer at FGI Industries Ltd..

“On January 25, 2025, the Board of Directors approved and appointed Jae Chung to serve as the Company’s CFO, effective July 1, 2025.”

Perry Lin departed as Chief Financial Officer at FGI Industries Ltd..

“On January 22, 2025, Perry Lin, Chief Financial Officer of FGI Industries Ltd. (“FGI” or the “Company”), gave notice of his resignation, to be effective June 30, 2025.”

Bob Kermelewicz changed role as Executive Vice President, FGI USA at FGI Industries Ltd..

“Bob Kermelewicz and FGI Industries Ltd. (“FGI” or the “Company”) reached mutual agreement regarding his transition from Executive Vice President, FGI USA to Sales Director, effective at the close of December 31, 2024.”

FGI Industries Ltd. reported first quarter ended March 31, 2024 results: revenue $30.8 million, net income ($0.4) million, or ($0.04) per diluted share, EPS ($0.04) per diluted share. Guidance reaffirmed.

“kitchen and bath products , today announced results for the first quarter 2024. ​ FIRST QUARTER 2024 HIGHLIGHTS (As compared to the first quarter of 2023) ​ ▪ Total revenues of $30.8 million, +13.2% y/y ▪ Gross profit of $8.4 million, +16.8% y/y, Gross margin of 27.4%, +90 bps y/y ▪ Net loss attributable to FGI shareholders of ($0.4) million ▪ Adjusted net loss of”

Anagha Apte Sreenivasan was appointed as Director at FGI Industries Ltd..

“the Board approved the appointment of Ms. Anagha Apte Sreenivasan to the Board, effective April 1, 2024.”

Jae Chung was appointed as Senior Vice President, Investor Relations and Corporate Development at FGI Industries Ltd..

“on April 1, 2024, he will join the Company as an employee as its Senior Vice President, Investor Relations and Corporate Development.”

FGI Industries Ltd. reported full-year 2023 results: revenue Total revenues of $117.2 million, net income Net Income of $0.6 million.

“▪ Adjusted net income of $0.5 million* ▪ Adjusted operating income of $1.4 million* ​ FULL-YEAR 2023 HIGHLIGHTS (As compared to the prior-year period) ​ ▪ Total revenues of $117.2 million, (27.5%) ▪ Gross profit of $32.1 million, +1.8%; Gross margin of 27.4%, +788 basis points ▪ Net Income of $0.6 million ▪ Adjusted net income of $1.0 million* ▪ Adjusted operating”

FGI Industries Ltd. reported the fourth quarter and full-year 2023 results: revenue Total revenues of $31.0 million, net income Net Income of $0.5 million.

“bath products, today announced results for the fourth quarter and full-year 2023. ​ FOURTH QUARTER 2023 HIGHLIGHTS (As compared to the prior-year period) ​ ▪ Total revenues of $31.0 million, (2.6%) ▪ Gross profit of $9.0 million, +20.1%; Gross margin of 29.2%, +549 basis points ▪ Net Income of $0.5 million ▪ Adjusted net income of $0.5 million* ▪ Adjusted operating”

FGI Industries Ltd. entered into Credit Line with CTBC Bank Co., Ltd. valued at up to $2.3 million (effective 2024-01-25).

“On January 25, 2024, FGI International, Limited (“FGI International”), wholly owned subsidiary of FGI Industries Ltd. (the “Company”), entered into an omnibus credit line (the “Credit Line”) with CTBC Bank Co., Ltd. (“CTBC”).”

FGI Industries Ltd. reported third quarter 2023 results: revenue 29.9 million, net income 0.3 million.

“Total revenues of $29.9 million, (22.3%) y/y ▪ Gross profit of $7.8 million, (2.6%) y/y, Gross margin of 26.2%, +530 bps y/y ▪ Net Income of $0.3 million”

FGI Industries Ltd. reported the second quarter ended June 30, 2023 results: revenue $29.2 million, net income $0.1 million.

“Total revenues of $29.2 million, (38.9%) y/y ◾ Gross profit of $8.0 million, (4.9%) y/y, Gross margin of 27.4%, +980 bps y/y ◾ Net Income of $0.1 million ◾ Adjusted net income of $0.1 million*”

FGI Industries Ltd. shareholders approved Ratify, in a non-binding advisory vote, the appointment of Marcum LLP as the Company’s independent auditor for the year ending December 31, 2023, and authorize the Board of Directors, acting through the Audit Committee, to fix the remuneration of the auditor at the 2023-06-01 meeting.

“2. Ratify, in a non-binding advisory vote, the appointment of Marcum LLP as the Company’s independent auditor for the year ending December 31, 2023, and authorize the Board of Directors, acting through the Audit Committee, to fix the remuneration of the auditor: ​ ​ ​ ​ ​ ​ ​ ​ For Against Abstain Broker Non-Votes 8,011,716 ​ 1,956 ​ 2,800 ​ —”

FGI Industries Ltd. shareholders approved Election of 5 directors of the Company at the 2023-06-01 meeting.

“1. Election of 5 directors of the Company: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nominee For Against Abstain Broker Non-Votes David Bruce ​ 7,218,972 ​ 0 ​ 8,768 ​ 788,732 ​ John Chen ​ 7,218,775 ​ 0 ​ 8,695 ​ 788,732 ​ Todd Heysse ​ 7,218,575 ​ 0 ​ 9,165 ​ 788,732 ​ Kellie Zesch Weir ​ 7,218,319 ​ 0 ​ 9,421 ​ 788,732 ​ Jae Chung ​ 7,215,603 ​ 0 ​ 12,137 ​ 788,732”

FGI Industries Ltd. reported full-year 2023 results: revenue $145 million to $163 million, net income $4.2 million to $4.7 million. Guidance reaffirmed.

“we continue to expect full-year 2023 revenues of $145 million to $163 million, adjusted operating income of $6.0 million to $6.8 million and adjusted net income of $4.2 million to $4.7 million.”

FGI Industries Ltd. reported first quarter ended March 31, 2023 results: revenue $27.2 million, net income ($0.3) million.

“▪ Total revenues of $27.2 million, (37.7%) y/y ▪ Gross profit of $7.2 million, (4.3%), Gross margin of 26.5%, +925 bps y/y ▪ Net loss of ($0.3) million”

FGI Industries Ltd. amended credit facility of $18 million with East West Bank at Prime Rate minus 0.25% or SOFR plus 2.20% (min 4.500%) maturing December 21, 2024.

“On November 25, 2022, FGI Industries, Inc. (“FGI Industries”), a wholly owned subsidiary of FGI Industries Ltd. (the “Company”), entered into a Business Loan Agreement (the “Restated Credit Agreement”) with East West Bank, which amended and restated FGI Industries’ existing line of credit. Under the Restated Credit Agreement, FGI Industries may borrow, from time to time, up to $18 million at an interest rate equal to, at its option, either (i) 0.25 percentage points less than the Prime Rate quoted by the Wall Street Journal or (ii) the SOFR Rate (as administered by CME Group Benchmark Administration Limited and displayed by Bloomberg LP) plus 2.20% per annum (in either case, subject to a minimum rate of 4.500% per annum). Borrowings under the Restated Credit Agreement have a maturity date of December 21, 2024.”

FGI Industries Ltd. amended Restated Credit Agreement with East West Bank valued at $18 million (effective 2022-11-25).

“On November 25, 2022, FGI Industries, Inc. (“FGI Industries”), a wholly owned subsidiary of FGI Industries Ltd. (the “Company”), entered into a Business Loan Agreement (the “Restated Credit Agreement”) with East West Bank, which amended and restated FGI Industries’ existing line of credit.”