China Liberal Education Holdings Limited Announces Share Consolidation

February 27, 2025 | 04:05

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China Liberal Education Holdings Limited, today announced that the Company plans to effect a share consolidation of eighty (80) ordinary shares with par value of $0.225 per share each in the Company's issued and unissued share capital into one (1) ordinary share with par value of US$18.0.

BEIJING, Feb. 27, 2025 /PRNewswire/ -- China Liberal Education Holdings Limited ("China Liberal" or the "Company") (Nasdaq: CLEU), a China-based company that provides technological consulting services for smart campus solutions and other educational services, today announced that the Company plans to effect a share consolidation of eighty (80) ordinary shares with par value of $0.225 per share each in the Company's issued and unissued share capital into one (1) ordinary share with par value of US$18.0 (the "Share Consolidation"). As a result of the Share Consolidation, each eighty (80) 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 March 3, 2025. Beginning with the opening of trading on March 3, 2025, 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 G2161Y133. 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 12,500,000 ordinary shares of US$18.0 par value each.

For more information, please visit the Company's website at http://ir.chinaliberal.com/.

By PR Newswire

China Liberal Education Holdings Limited

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