China Liberal Education Holdings Limited Announces Share Consolidation

Rhea-AI Summary

China Liberal Education Holdings (CLEU) has announced a significant share consolidation plan effective March 3, 2025. The consolidation will combine every 80 ordinary shares with a par value of $0.225 into one ordinary share with a par value of $18.0.

Following the consolidation, CLEU will continue trading on the Nasdaq Capital Market under the same symbol but with a new CUSIP number G2161Y133. All fractional shares will be rounded up to the nearest whole number. Post-consolidation, the company's authorized share capital will be $225,000,000, divided into 12,500,000 ordinary shares of $18.0 par value each.

Positive

• Rounding up of fractional shares benefits small shareholders
• Maintains Nasdaq listing compliance

Negative

• Significant share consolidation ratio of 80:1 indicates substantial share price decline
• Share consolidation suggests potential listing compliance issues

BEIJING, Feb. 26, 2025 /PRNewswire/ -- China Liberal Education Holdings Limited ("China Liberal" or the "Company") (Nasdaq: CLEU), a China-based company that provides technological consulting services for smart campus solutions and other educational services, today announced that the Company plans to effect a share consolidation of eighty (80) ordinary shares with par value of $0.225 per share each in the Company's issued and unissued share capital into one (1) ordinary share with par value of US$18.0 (the "Share Consolidation"). As a result of the Share Consolidation, each eighty (80) pre-consolidation ordinary shares outstanding will automatically combine and convert into one issued and outstanding ordinary share without any action on the part of the shareholders.

The Share Consolidation will be effective on March 3, 2025. Beginning with the opening of trading on March 3, 2025, the Company's ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol "CLEU" but under a new CUSIP number of G2161Y133. No fractional shares will be issued in connection with the Share Consolidation. All fractional shares will be rounded up to the whole number of shares. Immediately following the Share Consolidation, the authorized share capital of the Company will be US$225,000,000 divided into 12,500,000 ordinary shares of US$18.0 par value each.

About China Liberal Education Holdings Limited

China Liberal is an educational services provider headquartered in Beijing, China. China Liberal provides a wide range of services, including technological consulting for Chinese universities to improve their campus information and data management systems, designed to enhance the teaching, operating, and management environment of the universities, thus establishing a "smart campus." Additionally, China Liberal offers tailored job readiness training for graduating students. For more information, please visit the Company's website at http://ir.chinaliberal.com/.

Forward-Looking Statements

This document contains forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's expectations and projections about future events, which the Company derives from the information currently available to the Company. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those using terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. When evaluating these forward-looking statements, you should consider various factors, including our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can provide no assurance that these expectations will prove to be accurate, and it cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review the risk factors that may affect future results in the Company's most recent annual report on Form 20-F for the year ended December 31, 2023 and in its other filings with the SEC.

Investor Relations Contact

China Liberal Education Holdings Limited
Email: ir@chinaliberal.com 

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1 646-932-7242
Email: investors@ascent-ir.com 

View original content:https://www.prnewswire.com/news-releases/china-liberal-education-holdings-limited-announces-share-consolidation-302384251.html

SOURCE China Liberal Education Holdings Limited

FAQ

When will CLEU's share consolidation take effect?

The share consolidation will take effect on March 3, 2025, when CLEU shares begin trading on a post-consolidation basis.

What is the consolidation ratio for CLEU shares?

The consolidation ratio is 80:1, meaning every 80 pre-consolidation shares will be combined into 1 new share.

What happens to fractional shares in CLEU's consolidation?

All fractional shares will be rounded up to the nearest whole number of shares.

What will be CLEU's new share structure after consolidation?

Post-consolidation, CLEU will have authorized capital of $225,000,000 divided into 12,500,000 ordinary shares of $18.0 par value each.

Will CLEU's trading symbol change after the share consolidation?

No, CLEU will continue trading under the same symbol on Nasdaq, but with a new CUSIP number G2161Y133.