Jianzhi Education Technology Group (JZ) to Implement ADS Ratio Change

Jianzhi Education Technology Group Company Limited (the "Company" or "Jianzhi") (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") from current one (1) ADS representing six (6) ordinary shares to one (1) ADS representing sixty (60) ordinary shares(the "ADS Ratio Change"). The ADS Ratio Change is expected to become effective at the beginning of trading on or about June 16, 2025, U.S. Eastern Time (the "Effective Date")

For Jianzhi's ADS holders, the ADS Ratio Change will have the same effect as a one-for-ten reverse ADS split. Each ADS holder of record on the Effective Date will be required to surrender and exchange every ten (10) existing ADSs then held for one (1) 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. The ADS Ratio Change will reduce the number of outstanding ADSs of the Company from 7,716,666 to approximately 771,666. Jianzhi's ADSs will continue to be traded on the Nasdaq Stock Exchange under the symbol "JZ" and a new CUSIP number 47737L302 has been assigned as a result of the ADS Ratio Change.

No fractional new ADSs will be issued in connection with the ADS Ratio Change. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank, and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes, and expenses, where applicable) will be distributed to the applicable ADS holders by the depositary bank. The ADS Ratio Change will have no impact on Jianzhi's underlying ordinary shares, and no ordinary shares will be issued or canceled in connection with the ADS Ratio Change.

As a result of the ADS Ratio Change, Jianzhi's ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than three times the ADS trading price before the change.

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