Zhongchao Inc. Calls EGM for Share Capital Increase and Consolidation

Zhongchao Inc. has announced an Extraordinary General Meeting of Shareholders to be held on June 18, 2026. The meeting will consider five proposals, including a significant increase in authorized share capital from $20 million to $10 billion, and the authorization for the board to implement a share consolidation with a ratio between 2:1 and 250:1 within three years. Amendments to the company's memorandum and articles of association are also proposed to reflect these changes. The Board of Directors unanimously recommends that shareholders vote in favor of all proposals.