Jianzhi Education Technology Group Co Ltd（JZ）のニュースとイベントJZJianzhi Education Technology Group Co Ltd

Jianzhi Education Initiates Share Buyback Program

Jianzhi Education Technology Group announced its intention to initiate a share buyback program. "This strategic move aims to return value to shareholders and underscores the company's confidence in its long-term growth prospects... The repurchase program is designed to enhance shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share and potentially supporting the stock price. The company plans to buy back shares up to a certain limit, which will be determined based on market conditions, stock price, and the company's financial position... Purchases will occur at management's discretion, in compliance with SEC regulations and other applicable securities laws. Shares will be repurchased at prevailing market prices or through negotiated transactions, ensuring no market manipulation. The company may use open market purchases, private negotiations, or tender offers to execute the buyback," the company stated. The buyback will be funded from the company's existing cash reserves, and the program's size will be adjusted according to cash flow and capital requirements for ongoing operations and strategic investments. "We believe that our current stock price does not fully reflect the intrinsic value and future potential of Jianzhi Education. This buyback program reflects our commitment to our shareholders and our confidence in our business model, which is geared towards leveraging AI and digital solutions to transform education in China," said Yong Hu, CEO of Jianzhi Education.

Jianzhi Education Adjusts ADS Ratio to 1:1800

Jianzhi Education Technology Group Company announced that it plans to change the ratio of its American Depositary Shares, or ADSs, from current one ADS representing sixty class A ordinary shares to one ADS representing one thousand and eight hundred class A ordinary shares. The ADS Ratio Change is expected to become effective at the beginning of trading on July 6. For Jianzhi's ADS holders, the ADS Ratio Change will have the same effect as a one-for-fifty reverse ADS split. Each ADS holder of record on the Effective Date will be required to surrender and exchange every thirty existing ADSs then held for one new ADS. The Bank of New York Mellon, as the depositary bank for Jianzhi's ADSs, will arrange for the exchange of the current ADSs for the new ones. The ADS Ratio Change will reduce the number of outstanding ADSs of the Company from 32,090,832 to approximately 1,069,695. Jianzhi's ADSs will continue to be traded on the Nasdaq Stock Exchange under the symbol "JZ" and a new CUSIP number 47737L401 has been assigned as a result of the ADS Ratio Change. As a result of the ADS Ratio Change, Jianzhi's ADS trading price is expected to increase proportionally.

Jianzhi Education Sells 5M ADSs, Raising Approximately $5M

Jianzhi Education announced that it has entered into a securities purchase agreement with certain non-affiliated institutional investors for the sale of 5M American Depositary Shares, and accompanying series A warrants to purchase up to 5M ADSs. The combined effective offering price for each ADS and the accompanying Series A Warrant is $1.00. The Series A Warrants will be exercisable immediately upon issuance, and will expire five years from the issuance date. The Series A Warrants have an initial exercise price of $1.00 per ADS, subject to adjustments, including in connection with a Share Combination Event. The gross proceeds to the company are expected to be approximately $5M before deducting placement agent's fees and offering-related expenses. The offering is expected to close on or about June 3, subject to the satisfaction of customary closing conditions. Maxim Group served as the exclusive placement agent for the transaction.