Tian Ruixiang announces approval for 1-for-5 reverse share split

Tian Ruixiang announced that the company held an extraordinary general meeting of shareholders on Monday, May 6, at which the shareholders approved the proposal for a 1-for-5 reverse share split of the company’s ordinary shares. No fractional shares will be issued in connection with the share consolidation, and all fractional shares resulting from the share consolidation will be rounded up to the whole number of shares.