MDJM LTD

MDJM LTD announced that its Class A ordinary shares are currently quoted on the OTCQB Venture Market under the ticker symbol "UOKAF". The company issued a press release to clarify its current OTC market tier classification, emphasizing its commitment to transparent public disclosure and providing current information to its shareholders and the investment community.

MDJM LTD announced the closing of its previously disclosed acquisition of a 75% equity interest in Mirai Co., Ltd. through its wholly-owned subsidiary, Mansions Catering and Hotel LTD. Concurrently, an amendment to the Share Purchase Agreement was executed, detailing that the third installment of the purchase price will be satisfied by MDJM issuing 730,000 Class A ordinary shares at a deemed price of US$0.575 per share. The amendment also includes a special tax audit undertaking and indemnity from the Seller for certain pending tax audits.

MDJM LTD announced a change in its independent registered public accounting firm. RBSM LLP resigned, effective May 21, 2026. The company's Audit Committee subsequently engaged Tang Qian & Associates, PLLC (TQ&A) as the new auditor, effective May 22, 2026, to audit the consolidated financial statements for the fiscal year ending December 31, 2026. The company confirmed there were no disagreements or reportable events with RBSM during their tenure.

MDJM LTD, through its wholly-owned subsidiary Mansions Catering and Hotel LTD, has entered into a Share Purchase Agreement to acquire a 75% equity interest in Japan-based Mirai Co., Ltd. This strategic acquisition aims to significantly enhance MDJM's global animation intellectual property commercialization and distribution capabilities, leveraging Japan's mature market. Mirai Co., Ltd. has an estimated annualized revenue scale of approximately US$30 million, and MDJM expects to consolidate its financials upon closing. Additionally, MDJM LTD hosted a virtual investor meeting on May 15, 2026, to discuss its business vision, recent developments, strategic initiatives, and future growth plans.

MDJM LTD announced its delisting from The Nasdaq Stock Market. The company initially received a notification on March 13, 2026, due to its stock price falling below $0.10 for ten consecutive business days, leading to a suspension on March 20, 2026. Despite requesting a hearing, the Nasdaq Hearings Panel denied the company's appeal on May 14, 2026, confirming the delisting of its Class A ordinary shares.

MDJM LTD's Board and Compensation Committee adopted the 2026 Equity Incentive Plan on April 30, 2026, aimed at retaining key personnel. Concurrently, the company issued 200,000 Class B ordinary shares to Mr. Siping Xu, the Chief Executive Officer and Chairman, for his services. This issuance significantly increases Mr. Xu's control to approximately 89.58% of the company's aggregate voting power.