• Zhongchao held an extraordinary shareholder meeting on June 18, 2026.
• Shareholders authorized a major increase in authorized share capital, to US$ 10 billion from US$ 20 million.
• A special resolution to adopt an amended and restated memorandum of association to reflect the authorized capital increase was adopted.
• Investors also authorized the board to carry out one or more share consolidations within three years, with an aggregate ratio between 2-to-1 and 250-to-1.
• A special resolution to adopt amended and restated memorandum and articles to reflect any share consolidation was adopted; the consolidation itself remains board-dependent.

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: 0001213900-26-070855), on June 23, 2026, and is solely responsible for the information contained therein.