Huachen AI Parking Management Technology Holding Co., Ltd. Announces 1-for-30 Reverse Stock Split

Huachen AI Parking Management Technology Holding Co., Ltd. announced a 1-for-30 reverse stock split for its Class A and Class B ordinary shares, effective April 13, 2026. This action aims to increase the per-share trading price and comply with Nasdaq's minimum bid price requirement. Following the split, the number of outstanding Class A shares will decrease from approximately 18,897,500 to 629,167, and Class B shares from 16,000,000 to 533,333. Each thirty shares will be consolidated into one. Fractional shares will be rounded up. The par value per share will increase to $0.0000375, and the number of authorized ordinary shares will be reduced. The Class A shares will continue trading on Nasdaq under the symbol "HCAI" with a new CUSIP number, G4645R122. The company also amended its memorandum of association to reflect these changes. This reverse stock split was previously authorized by shareholders on December 7, 2025.