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At an extraordinary general meeting on June 18, 2026, shareholders approved a massive increase in authorized share…
ZCMDZhongchao Inc.
At an extraordinary general meeting on June 18, 2026, shareholders approved a massive increase in authorized share capital from US$20,000,000 to US$10,000,000,000. This expansion allows for a significantly higher number of Class A and Class B ordinary shares. Additionally, shareholders approved a proposal granting the Board of Directors discretion to implement one or multiple share consolidations over the next three years. These consolidations may use any ratio between 2:1 and 250:1 at a time determined by the Board. The company also approved amending its memorandum and articles of association to reflect these capital and consolidation changes. Zhongchao Inc. is a Cayman Islands exempt company.