Core Viewpoint - JIADE LIMITED will implement a reverse stock split of its ordinary shares on a 1-for-25 basis to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on March 23, 2026, with Class A ordinary shares continuing to trade under the symbol "JDZG" [1]. - The split will consolidate every 25 shares of Class A ordinary shares into 1 share, reducing the total from approximately 34.3 million to about 1.4 million [4]. - Class B ordinary shares will decrease from approximately 1.1 million to about 42,082, and preference shares will reduce from approximately 30 million to about 1.2 million [4]. Group 2: Shareholder Impact - The reverse stock split will affect all shareholders uniformly, and no fractional shares will be issued; any fractions will be rounded up to the next whole number [3]. - Shareholders' percentage interest in the Company's outstanding ordinary shares will remain unchanged, aside from adjustments from rounding [3]. Group 3: Company Overview - JIADE LIMITED provides comprehensive education support services for adult education institutions in China, focusing on software-driven and service-based solutions [5]. - The Company supports over 17 adult education institutions and approximately 134,000 students across China as of June 30, 2025 [5].
JIADE LIMITED Announces 1-for-25 Reverse Stock Split Effective March 23, 2026