ShareholdingJul 22, 2026, 01:31 PM
Zhongchao Issues Shares to CEO, Increasing Voting Power to 99.45%
AI Summary
Zhongchao Inc. has issued 2,500,000 Class A ordinary shares and 200,000 Class B ordinary shares to More Healthy Holdings Limited, the holding company for its founder, CEO, and Chairman, Mr. Weiguang Yang. This issuance was in recognition of Mr. Yang's central role in the company's strategic direction and vision. Following this transaction, Mr. Yang's beneficial ownership now represents approximately 99.45% of the company's total voting power.
Key Highlights
- Zhongchao Inc. issued 2,500,000 Class A ordinary shares to More Healthy Holdings Limited.
- The company also issued 200,000 Class B ordinary shares to More Healthy Holdings Limited.
- More Healthy Holdings Limited is the holding vehicle of Mr. Weiguang Yang, the founder, CEO, and Chairman.
- The issuance acknowledges Mr. Yang's services in strategic direction and stewardship.
- Mr. Yang now beneficially owns 2,500,740 Class A Ordinary Shares and 206,721 Class B Ordinary Shares.
- This represents approximately 99.45% of the aggregate voting power of the Company's ordinary shares.
- The issuance was approved by the Audit Committee, Compensation Committee, and Board of Directors on June 3, 2026.
Price Impact
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