Oriental culture holding ltd. announces extraordinary general meeting results and share consolidation

Hong kong, china, oct. 16, 2023 (globe newswire) -- oriental culture holding ltd. (“oriental culture” or the “company”) (nasdaq: ocg), a leading online service provider of collectibles and artworks, today announced that at an extraordinary general meeting of the company held on october 10, 2023, at unit 909, level 9, cyberport 2, 100 cyberport road, hong kong (the “meeting”), its shareholders have approved the resolution of a share consolidation (the “share consolidation”) of the issued and authorized ordinary shares of the company at a ratio between one (1)-for-three (3) and one (1)-for-ten (10), accompanied by a corresponding increase in the par value of the ordinary shares, with the exact ratio to be set at a whole number within this range and at such time and date after the passing of the resolution but before october 18, 2023, to be determined by the board of directors of the company (the “board”) in its discretion.
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