Jiuzi Holdings (JZXN) board of directors has approved a reverse stock split of the Company’s ordinary shares, a par value of $0.00195 each, at a ratio of 1-for-40, with a post-Reverse Stock Split par value of $0.078. The Company is undertaking the Reverse Stock Split with the objective of meeting the minimum $1.00 per Ordinary Share bid requirement for maintaining the listing of the Ordinary Shares on The Nasdaq Capital Market. The Reverse Stock Split will be effective at 04:01 p.m. on Wednesday, December 10, 2025 and the Ordinary Shares will begin trading on a split-adjusted basis when the Nasdaq Stock Market opens for trading on Thursday, December 11, 2025. The Ordinary Shares will continue to trade on The Nasdaq Capital Market under the trading symbol “JZXN” but will trade under the following new CUSIP number: G51400 151.
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