HiTek Global Inc. Announces 50-for-1 Share Consolidation

HiTek Global Inc. is implementing a 50-for-1 share consolidation of its Class A ordinary shares, effective April 6, 2026. This action is intended to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The consolidation was approved by shareholders on November 24, 2025, and by the Board of Directors on March 25, 2026. Following the consolidation, every 50 existing shares will become one, and the par value per share will increase from $0.0001 to $0.005. Fractional shares will be rounded to the nearest whole share. The company's shares will continue trading under the symbol "HKIT" on the Nasdaq Capital Market on a split-adjusted basis starting April 6, 2026. The new CUSIP number will be G45139113. The company, headquartered in Xiamen, China, provides IT consulting and solutions.