Meiwu Technology Company announces 1-for-100 reverse share split

Meiwu Technology Company (WNW) announced that it will effect a reverse share split of its outstanding ordinary shares at a ratio of 1-for-100. The Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market on April 6. Following the reverse share split, the Ordinary Shares will continue to trade on Nasdaq under the symbol “WNW” with the new CUSIP number, G9604C131. The reverse share split is expected to lead the company’s Ordinary Shares to trade at approximately 100 times the price per share at which it trades prior to the effectiveness of the reverse share split. The company, however, cannot assure that the price of its Ordinary Shares after the reverse split will reflect the 1-for-100 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.