Atif holdings limited announces 5 for 1 reversed stock split

Los angeles, aug. 19, 2021 (globe newswire) -- atif holdings limited (nasdaq: atif, the “company”), a holding group providing business and financial consulting in asia and north america, today announced that on august 12, 2021, the board of directors of the company approved a reverse stock split (the “reverse split”) of its authorized, issued and outstanding ordinary shares, par value $0.001 per share, at a ratio of 5-for-1 so that every five (5) shares currently authorized and issued is combined into one (1) share. shareholders otherwise entitled to receive a fractional share as a result of the reverse split will receive a whole share in lieu of such fractional share. in connection with the reverse split, a vote of the shareholders of the company is not required and as such, no shareholder vote or meeting of shareholders will be held.
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