SHENZHEN, China, Aug. 17,
2022 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG)
(the "Company"), a commodities trading service provider in
China, today announced that its
common stock is expected to begin trading when the markets open on
a reverse stock split-adjusted basis on August 17, 2022 under the existing trading symbol
"GLG."
The reverse stock split is primarily intended to bring the
Company into compliance with the minimum bid price requirements for
maintaining its listing on the Nasdaq Capital Market. The new CUSIP
number following the reverse stock split will be 87250W202.
As a result of the reverse stock split, every five shares of the
Company's common stock issued and outstanding will be automatically
reclassified into one new share of common stock. The reverse stock
split will not modify any rights or preferences of the shares of
the company's common stock. No fractional shares will be issued
because of the reverse stock split. Instead, any fractional shares
that would have resulted from the reverse split will be rounded up
to the next whole number.
Additional information about the reverse stock split can be
found in the company's definitive proxy statement filed with the
Securities and Exchange Commission (the "SEC") on August 1, 2022, which is available free of charge
at the SEC's website, www.sec.gov.
About TD Holdings, Inc.
TD Holdings, Inc. is a service provider currently engaging in
commodities trading business and supply chain service business in
China. Its commodities trading
business primarily involves purchasing non-ferrous metal product
from upstream metal and mineral suppliers and then selling to
downstream customers. Its supply chain service business primarily
has served as a one-stop commodity supply chain service and digital
intelligence supply chain platform integrating upstream and
downstream enterprises, warehouses, logistics, information, and
futures trading. For more information, please visit
http://ir.tdglg.com.
Safe Harbor Statement
This press release may contain certain
"forward-looking statements" relating to the business of
TD Holdings, Inc. and its subsidiary companies. All statements,
other than statements of historical fact included herein are
"forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects"
or similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: there is
uncertainty about the spread of the COVID-19 virus and the impact
it will have on the Company's operations, the demand for the
Company's products and services, global supply chains and
economic activity in general. Investors should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Investors should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports
that are filed with the Securities and Exchange Commission and
available on its website at http://www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors.
Other than as required under the securities laws, the Company does
not assume a duty to update these forward-looking
statements.
For more information, please contact:
Ascent Investor Relations LLC
Ms. Tina Xiao
Email: tina.xiao@ascent-ir.com
Tel: +1 917 609 0333
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SOURCE TD Holdings, Inc.