{"url_path":"/sec/nwgl/10-k/2026/item-16g","section_key":"item-16g","section_title":"Item 16G **","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1948294/0001493152-26-019023-index.html","accession_number":"0001493152-26-019023","cik":"0001948294","ticker":"NWGL","issuer_name":"CL Workshop Group Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1948294/0001493152-26-019023-index.html","primary_entity_key":"0001948294","primary_entity_name":"CL Workshop Group Ltd"},"word_count":411,"has_tables":true,"body_markdown":"**ITEM\n16G.**\n**CORPORATE\nGOVERNANCE**\n\n \n\nAs\na BVI company listed on the Nasdaq Capital Market, we are subject to Nasdaq Stock Market corporate governance listing standards. However,\nthe Nasdaq Stock Market rules permit a foreign private issuer like us to follow the corporate governance practices of its home country.\nCertain corporate governance practices in the BVI, which is our home country, may differ significantly from Nasdaq Stock Market corporate\ngovernance listing standards. Shareholders of the BVI exempted companies like us have no general rights under the BVI law to inspect\ncorporate records or to obtain copies of register of members of these companies (other than the memorandum and articles of association,\nspecial resolutions, and the register of mortgages and charges). Our directors have discretion under our articles of association to determine\nwhether or not, and under what conditions, our corporate records may be inspected by our shareholders, but are not obliged to make them\navailable to our shareholders. This may make it more difficult for you to obtain the information needed to establish any facts necessary\nfor a shareholder motion or to solicit proxies from other shareholders in connection with a proxy contest.\n\n \n\nCertain\ncorporate governance practices in the BVI, which is our home country, differ significantly from requirements for companies incorporated\nin other jurisdictions such as the United States. To the extent we choose to follow home country practice with respect to corporate governance\nmatters, our shareholders may be afforded less protection than they otherwise would under rules and regulations applicable to U.S. domestic\nissuers.\n\n \n\nPursuant\nto the home country rule exemption set forth under Nasdaq Listing Rule 5615(a)(3)(A), which provides (with certain exceptions not relevant\nto the conclusions expressed herein) that a foreign private issuer may follow its home country practice in lieu of the requirements of\nthe Nasdaq Marketplace Rule 5600 Series, we elected to be exempt from the requirements:\n\n \n\n \n●\nNasdaq\nMarketplace Rule 5635(c) which requires a Nasdaq-listed company to obtain shareholder approval prior to the issuance of securities\nwhen a stock option or purchase plan is to be established or materially amended or other equity compensation arrangement made or\nmaterially amended, pursuant to which stock may be acquired by officers, directors, employees, or consultants, subject to certain\nexceptions.\n\n \n\n75\n\n \n\n \n\nExcept\nfor the foregoing, we endeavor to comply with the Nasdaq corporate governance practices and except for the foregoing, there is no significant\ndifference between our corporate governance practices and what the Nasdaq requires of domestic U.S. companies."}