eLong Power announces 1-for-80 share consolidations

Elong Power (ELPW) announced a share consolidation of the company’s issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1 for 80 shares, which will take effect at the open of The Nasdaq Stock Market on March 10. Upon the open of trading on March 10, the company’s Class A ordinary shares will begin trading on a reverse split-adjusted basis, under the same symbol “ELPW” but under a new CUSIP number, G3016G129.