WANG AND LEE GROUP, INC. ANNOUNCES STRATEGIC INVESTMENT IN TROOPS, INC. TO DRIVE INNOVATION IN SMART BUILDING SOLUTIONS AND EXPAND ESG TOKEN REWARD ECOSYSTEM

Wang and Lee Group (NASDAQ: WLGS) has announced a strategic investment in TROOPS (NASDAQ: TROO), aiming to integrate AI-driven advertising media

Hong Kong, March 31, 2025 -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) today announced its strategic investment in TROOPS, Inc. (NASDAQ: TROO). The partnership aims to integrate Wang and Lee’s cutting-edge AI-driven advertising media, smart home devices, and blockchain-powered token rewards into TROOPS’ expansive infrastructure.

Synergies and Strategic Vision

This partnership leverages TROOPS’ vast real estate footprint to accelerate adoption of smart technologies and create a seamless, interconnected ecosystem for tenants and visitors. Key initiatives include:

The tokens can be exchanged for various benefits, including EV insurance premium discounts, reduced loan interest rates, and LED lights, providing value-added services to the community.

“This investment marks a transformative step in our mission to build smarter, more sustainable communities,” said Mr. Ho, CEO of Wang and Lee. “We are grateful for the opportunity to work with TROOPS, whose network provides the ideal platform to scale our AI and IoT innovations while rewarding users for participating in a greener economy. Together, we will redefine how technology enhances everyday living and drives ESG impact.”

Driving ESG Value and Market Growth

The partnership aligns with global ESG priorities by promoting energy-efficient technologies and financially empowering users through the tokenized rewards system. Wang and Lee anticipates heightened demand for its smart devices and ad services as TROOPS’ buildings become hubs of innovation, further solidifying the company's leadership in property technology and blockchain solutions.

Transaction Details

The proposed investment in TROO remains subject to customary closing conditions, regulatory approvals, and final agreement terms. Further details will be disclosed upon finalization.

About WANG & LEE GROUP, Inc.

WANG & LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, which includes low voltage (220v/phase 1 or 380v/phase 3) electrical system, mechanical ventilation and air-conditioning system, fire service system, water supply and sewage disposal system installation and fitting out for the public and private sectors. It is also able to provide design and contracting services to all trades in the construction industry. Their clients range from small startups to large companies.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts,"' "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

For more information on the companies, please log on to WANG & LEE GROUP, Inc.: https://www.wangnleegroup.com/Email: ir@wangnlee.hk