U-BX Technology Ltd. Announces Effective Date of Reverse Stock Split

U-BX Technology Ltd. (NASDAQ:UBXG), a Beijing-based company specializing in AI-driven insurance services, has announced the effective date of a reverse stock split for its class A and B ordinary shares. The split, set at a 1-for-25 ratio, was approved by shareholders during the annual meeting on November 4, 2025, with the Board of Directors finalizing the ratio on May 12, 2026. The adjustment will reduce outstanding class A shares from approximately 37.79 million to 1.51 million and class B shares from about 7.66 million to 0.31 million, with trading on an adjusted basis beginning May 22, 2026, under the existing ticker symbol UBXG. The new CUSIP number for class A shares is G9161K120. The reverse stock split consolidates every 30 shares into one, increasing the par value from $0.0016 to $0.04 per share for both classes. No fractional shares will be issued; shareholders entitled to fractional shares will receive one full share instead. The decision follows a broader approval for a split ratio between 1-for-2 and 1-for-250, as outlined in the company’s SEC filing from November 6, 2025. U-BX Technology provides AI-powered services to the insurance industry, including digital promotion tools, a risk assessment algorithm called Magic Mirror for auto insurance, and value-added benefits for carriers. Headquartered in China, the company focuses on enhancing visibility, engagement, and risk management for insurers and brokers. The announcement includes forward-looking statements under the Private Securities Litigation Reform Act of 1995, noting potential risks associated with future performance. Additional details are available in U-BX’s SEC filings and on its official website.