Golden Sun Health Technology Group Limited Announces 1-for-10 Share Consolidation

Core Viewpoint - Golden Sun Health Technology Group Limited has announced a 1-for-10 share consolidation to comply with Nasdaq Listing Rule 5550(a)(2) regarding minimum bid price requirements for its Class A ordinary shares [1][2]. Group 1: Share Consolidation Details - The shareholders approved a 1-for-10 share consolidation at an extraordinary general meeting held on April 11, 2024 [1]. - The consolidation will result in every ten issued and outstanding ordinary shares of par value US$0.0005 being consolidated into one ordinary share of par value US$0.005 [3]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the next whole number [3]. Group 2: Trading Information - The Company's Class A ordinary shares will begin trading on a post-consolidation basis on April 19, 2024, under the same symbol "GSUN" but with a new CUSIP number G4013A115 [2]. Group 3: Company Background - Golden Sun Health Technology Group Limited, established in 1997 and headquartered in Shanghai, provides tutorial services in China, focusing on the development of students' strengths and lifelong learning skills [4]. - The company operates three tutorial centers, partners with high schools for language classes, and has a logistics company offering consulting services [4].