• Zhongchao will execute a 1-for-31 share consolidation of its ordinary shares.
• Post-consolidation trading starts June 8, 2026 on Nasdaq under ZCMD; new CUSIP G9897X131.
• Move targets Nasdaq Capital Market listing compliance.
• Class A shares outstanding to drop to about 2,570,507 from 79,685,696; Class B to about 20,161 from 624,972.
• Fractional shares will be rounded up to the next whole share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhongchao Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-066531), on June 09, 2026, and is solely responsible for the information contained therein.