Jiade to effect 1-for-25 reverse stock split

Jiade announced that it will effect a reverse stock split of its ordinary shares on a 1-for-25 basis. The company’s Class A ordinary shares will begin trading on a post-split basis when the market opens on March 23. The company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol (JDZG). The reverse stock split has been approved by the company’s shareholders and the company’s board of directors, and is being effectuated primarily to regain compliance with Nasdaq Marketplace Rule 5550 relating to the maintenance of the minimum bid price per share of the company’s Class A ordinary shares.