Baosheng media group holdings limited announces share consolidation

Beijing, china, may 24, 2022 (globe newswire) -- baosheng media group holdings limited (nasdaq: baos) (“baosheng” or the “company”), a china-based online marketing solution provider, today announced that the company plans to effect a share consolidation of 3.2 ordinary shares with par value of $0.0005 per share each in the company's issued and unissued share capital into one ordinary share with par value of us$0.0016 (the “share consolidation”). as a result of the share consolidation, each 3.2 pre-split ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders.
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