Inlif announces 1-for-16 share combination

Inlif (INLF) announced that its board of directors has approved a 1-for-16 share combination of all its authorized and issued ordinary shares, including both Class A ordinary shares and Class B ordinary shares, pursuant to the authorization granted from an extraordinary general meeting of the Company’s shareholders on January 9. The share combination will become effective on April 6 at 09:30 a.m., Eastern Time. The company believes the share combination is a proactive measure as part of the company’s strategic plan to maintain compliance with Nasdaq’s continued listing requirements.