Board Resolution Approves Share Consolidation Plan: Autozi Internet Technology (Global) Ltd. Board has approved a share consolidation plan to merge 10 shares into 1 share.

This plan will officially take effect on March 23, 2026. Details of the Reverse Stock Split Operation and Market Background This reverse stock split will reduce the number of issued common shares by a ratio of 10:1, with the par value per share adjusted accordingly. In the U.S. stock market, listed companies often conduct reverse stock splits to increase the per-share price, meet the minimum quotation requirements of exchanges, or improve stock liquidity. Zhongchi Chafu's share price has long been below $1, and this operation may pave the way for compliance with Nasdaq's continued listing standards. Potential Impact and Investor Considerations After the reverse stock split, the company's total market capitalization remains unchanged, but the theoretical price per share will increase tenfold. This helps attract the attention of institutional investors, as some investment institutions have internal restrictions on low-priced stocks. However, the reverse stock split itself does not change the company's fundamentals; investors should focus on improvements in the profitability of its auto parts e-commerce business and its cash flow situation. Historical data show that many Chinese concept stocks have temporarily maintained their listing status through similar operations, but the long-term stock price performance still depends on the pace of earnings recovery. Industry Comparison and Regulatory Environment Recently, several low-priced Chinese concept stocks have adopted similar capital operations, reflecting the current liquidity pressure on small Chinese concept stocks in the U.S. market. Compared with peers such as Autohome and Guazi Used Cars, Zhongchi Chafu needs to demonstrate the differentiated competitiveness of its B2B auto parts supply chain model. Under new SEC regulations, Chinese concept stocks need to strengthen financial transparency. If the company fails to improve its performance in a timely manner after the reverse stock split, it may still face the risk of delisting.