Jianzhi Education announces plan to implement ADS ratio change

Jianzhi Education Technology Group Company announced that it plans to change the ratio of its American Depositary Shares from current one ADS representing two ordinary shares to a new ADS Ratio of one ADS representing six ordinary shares. The Company anticipates that the ADS Ratio Change will be effective on or about February 20, 2024. Jianzhi’s ADSs will continue to be traded on the Nasdaq Stock Exchange under the symbol “JZ“. For Jianzhi’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-three reverse ADS split. Each ADS holder of record at the close of business on the date when the ADS Ratio Change is effective will be required to surrender and exchange every three existing ADSs then held for one new ADS. The Bank of New York Mellon, as the depositary bank for Jianzhi’s ADSs, will arrange for the exchange of the current ADSs for the new ones.