China Liberal Education (CLEU) Announces Share Consolidation

China Liberal Education Holdings Limited (Nasdaq: CLEU) today announced that the Company plans to effect a share consolidation of fifteen (15) ordinary shares with par value of $0.015 per share each in the Company's issued and unissued share capital into one (1) ordinary share with par value of US$0.225 (the "Share Consolidation"). As a result of the Share Consolidation, each fifteen (15) pre-consolidation ordinary shares outstanding will automatically combine and convert into one issued and outstanding ordinary share without any action on the part of the shareholders.

The Share Consolidation will be effective on December 24, 2024. Beginning with the opening of trading on December 24, 2024, the Company's ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol "CLEU" but under a new CUSIP number of G2161Y125. No fractional shares will be issued in connection with the Share Consolidation. All fractional shares will be rounded up to the whole number of shares. Immediately following the Share Consolidation, the authorized share capital of the Company will be US$225,000,000 divided into 1,000,000,000 ordinary shares of US$0.225 par value each.

You May Also Be Interested In

• Electra Therapeutics files for proposed IPO
• Trilogy Metals signs $35.6M investment deal with U.S. Dept. of War
• Volitionrx Limited (VNRX) files for 10M share offering by selling stockholders