Jiuzi Holdings Inc. Announce Reverse Split Record Date

Core Points - Jiuzi Holdings Inc. has approved a reverse stock split at a ratio of 1-for-40 to meet Nasdaq's minimum bid requirement of $1.00 per share [1][2] - The reverse stock split will be effective on December 10, 2025, and trading will commence on a split-adjusted basis on December 11, 2025 [3] - The number of outstanding shares will decrease from approximately 50,231,389 to about 1,255,785 following the reverse stock split [4] Company Impact - The reverse stock split will uniformly affect all holders of ordinary shares without changing their percentage ownership in the company [5] - Shareholders will not need to take any action, as the changes will be reflected in their accounts automatically [5]