Zhongchao shareholders approve share consolidation, capital reduction

Zhongchao Inc. shareholders approved a 1-for-2 consolidation of Class A and Class B ordinary shares, effective 10 days after approval. Shareholders also adopted a share capital reduction and reorganization, and amended and restated memorandum and articles of association, all conditioned on the consolidation taking effect. The meeting was held on Sept. 18, 2026.