HeartCore Enterprises Clarifies One-Time Payment to Stockholders

HeartCore Enterprises, Inc. issued a press release on October 29, 2025, clarifying that a previously announced one-time payment to stockholders of $0.13 per share of common stock will be classified as a distribution rather than a dividend for U.S. federal tax purposes. The record date for the distribution is November 10, 2025, and the payment date is expected to be November 17, 2025. The distribution represents approximately 16.8% of the Company’s stock price as of market close on October 27, 2025. The press release is furnished as Exhibit 99.1 and is incorporated by reference in the filing.