LZ Technology Holdings Limited Announces 1-for-20 Reverse Share Split

LZ Technology Holdings Limited announced that its shareholders and board of directors have approved a 1-for-20 reverse share split for its Class A and Class B ordinary shares. This split, effective May 22, 2026, aims to increase the per-share trading price to meet NASDAQ's minimum bid price requirement for continued listing. Following the split, the company will have approximately 1,125,000 Class A ordinary shares and 7,853,500 Class B ordinary shares outstanding. Fractional shares will be rounded up to the nearest whole share. The company, an information technology and advertising firm operating in China with businesses in Smart Community, Out-of-Home Advertising, and Local Life, stated that this action is intended to comply with listing rules. The press release also included a standard "Safe Harbor" statement regarding forward-looking statements and risk factors.