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Zhongchao Inc. implements 1-for-31 reverse stock split effective June 8, leaving approximately 3.45 million Class A and 20,161 Class B shares outstanding

ZCMDZhongchao Inc.

Zhongchao Inc. implemented a 1-for-31 reverse stock split, effective June 8, 2026, which consolidated Class A and Class B ordinary shares into one share for every thirty-one shares held. The consolidation was approved by shareholders on February 10, 2026, and the Board on March 31, 2026. Post-consolidation, the company has approximately 3,449,475 Class A ordinary shares and 20,161 Class B ordinary shares outstanding. Zhongchao Inc. is a Cayman Islands exempt company that operates in an unspecified industry.

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