This press release has been corrected to include further details regarding the reverse stock split of ETAO International Co., Ltd.We hereby issue a formal amendment to supersede our previously released press release dated March 19, 2024. This amended communication is intended to replace the original statement in its entirety and provides updated, accurate information. We advise all stakeholders to refer to this latest version for the most current details regarding the matter previously addressed.NEW YORK, M ...

Core Viewpoint - Etao International (NASDAQ:ETAO) is implementing a reverse stock split, consolidating 20 shares into one, which has led to significant stock price movement and trading volume [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split was approved by shareholders on February 16, 2024, and is set to consolidate 20 shares of ETAO stock into a single share [1]. - There is confusion regarding the effective date of the reverse stock split, with the headline stating March 25, while the body mentions March 12, 2024, which has already passed [1]. - The reverse stock split will also trigger an increase in Etao International's authorized share capital, affecting both Class A and Class B shares [1]. Group 2: Stock Performance - As of Wednesday morning, ETAO stock has surged by 148.8%, recovering from a year-to-date decline of 70.7% as of the previous market close [2]. - The trading volume for ETAO stock exceeded 5 million shares on Wednesday, significantly higher than its daily average of approximately 245,000 shares [2].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...