Zhongchao Inc. shareholders approved a two-for-one share consolidation effective ten calendar days after the resolution's passage on September 18, 2026. This action consolidates every two Class A and Class B ordinary shares into one, doubling the par value from US$0.744 to US$1.488 per share. The company also approved a capital reduction and reorganization that reduces authorized share capital from US$10 billion to approximately US$67,204 by lowering the par value of issued shares to US$0.00001 and subdividing unissued shares before cancellation. These corporate actions are designed to streamline the company's capital structure. Zhongchao Inc. operates in the technology sector, focusing on digital media and entertainment services.
