Zhongchao Inc. Moves to 1-for-2 Share Consolidation

The consolidation process will shrink the company's total outstanding shares from 8,666,755 Class A and 206,721 Class B shares to approximately 4,333,378 and 103,361, respectively. While the par value of the shares shifts from US$0.744 to US$0.00001, the company noted that the move is purely structural and does not dilute the percentage interest held by any shareholder. Any fractional shares resulting from the math will be rounded up to the next whole number.

Trading will continue under the existing symbol ZCMD, though the company has been assigned a new CUSIP number, G9897X156. The board of directors approved the consolidation on September 10, 2026, followed by formal shareholder approval on September 18. Based in the Cayman Islands, Zhongchao operates the MDMOOC platform and provides various digital healthcare services across China.