U-BX Technology Ltd. Implements 1-for-16 Reverse Stock Split

U-BX Technology Ltd. Announces a Significant Corporate Action

U-BX Technology Ltd. is making headlines with its announcement of a reverse stock split that is anticipated to take place soon. The Company has confirmed that the reverse stock split will be executed at a ratio of 1-for-16, a move designed to enhance the market perception of its stock price and streamline its capital structure.

The Reason Behind the Reverse Stock Split

This strategic decision comes after the shareholders approved the reverse stock split during the recent annual meeting. With the intent to improve liquidity and attract more institutional investors, U-BX hopes that this will also increase the appeal of its shares in the marketplace.

Understanding the Mechanics of the Reverse Stock Split

Effective on a date soon to be confirmed, every sixteen ordinary shares held by investors will be combined into one share. Consequently, U-BX's total number of outstanding shares will decrease dramatically, shifting from approximately 29.7 million to roughly 1.9 million. This reduction seeks to consolidate the value of the shares and improve overall stock performance.

Impact on Shareholders

An important aspect of this move is the treatment of fractional shares. Shareholders who would have otherwise received fractions of shares will be compensated with one full share instead, ensuring that no investor faces the drawback of receiving a fractional interest in the Company. This policy ensures fairness and enhances shareholder satisfaction during this transition.

Corporate Developments Following the Split

In conjunction with the reverse split, U-BX will also modulate its Memorandum of Association to mirror this change. This adaptation will proportionately reduce the number of authorized shares and alter the nominal value of each share post-split. The new par value is being set at $0.0016 for each ordinary share, which supports the Company's ongoing business objectives.

Insights into U-BX Technology Ltd.

Located in a rapidly expanding market, U-BX Technology Ltd. specializes in cutting-edge insurance technology solutions powered by artificial intelligence. The Company concentrates on delivering enhanced services to businesses within the insurance sector, catering to both insurance carriers and brokers effectively.

Product Offerings

U-BX’s product suite is diverse, including:

- **Digital Promotion Services:** Enhancing social media engagement for institutional clients, driving visibility and revenue through targeted promotions.

- **Risk Assessment Technologies:** Featuring the innovative "Magic Mirror" algorithm, U-BX provides detailed risk reports to insurance carriers, utilizing AI to evaluate payout risks associated with auto coverage effectively.

- **Bundled Benefits Packages:** U-BX offers a collection of benefits tailored to insurance carriers, which includes various services designed for auto maintenance and value-added features.

Contacting U-BX Technology Ltd.

For further inquiries regarding the reverse stock split or general company information, individuals can reach out directly to the Investor Relations Department. U-BX Technology Ltd. maintains an open line of communication for investors and stakeholders.

Contact Information

U-BX Technology Ltd.
Investor Relations Department
Email: ir@u-bx.com

Frequently Asked Questions

What is the reason for the reverse stock split by U-BX Technology Ltd.?

The reverse stock split aims to enhance the market perception of the stock price and increase liquidity, which could attract institutional investors.

How will the reverse stock split affect my shares?

For every sixteen shares you currently own, you will receive one new share, effectively reducing the overall number of shares in circulation.

Will I receive fractional shares after the split?

No fractional shares will be issued; instead, shareholders entitled to fractions will receive one full share.

What are U-BX’s main services?

U-BX Technology Ltd. offers digital promotion services, risk assessment technologies, and bundled benefit packages for insurance carriers.

How can I get more information about U-BX?

Investors can contact the Investor Relations Department via email at ir@u-bx.com for further information.

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