Golden Heaven Group (GDHG) Announces 1:25 Reverse Share Split

Golden Heaven Group Holdings Ltd. ("Golden Heaven" or the "Company") (Nasdaq: GDHG), an amusement park operator in China, today announced that the Company's board of directors approved on April 23, 2025 that the authorized, issued, and outstanding shares of the Company be consolidated on a 25 for 1 ratio with the marketplace effective date of May 9, 2025.

The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.

Beginning with the opening of trading on May 9, 2025, the Company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "GDHG" but under a new CUSIP Number, G3959D208.

As a result of the share consolidation, each 25 ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the share consolidation, and each shareholder will be entitled to receive one share of the Company in lieu of the fractional share of that class that would have resulted from the share consolidation.

At the time the share consolidation is effective, the Company's authorized share capital will be changed from US$200,600,000 divided into: (i) 40,000,000,000 Class A ordinary shares of par value of US$0.005 each, and (ii) 120,000,000 Class B ordinary shares of par value of US$0.005 each, to US$200,600,000 divided into: (i) 1,600,000,000 Class A ordinary shares with a par value of US$0.125 each, and (ii) 4,800,000 Class B ordinary shares with a par value of US$0.125 each. The Company's total issued and outstanding Class A ordinary shares will be changed from 74,323,604 Class A ordinary shares with a par value of US$0.005 each to approximately 2,972,944 Class A ordinary shares with a par value of US$0.125 each. The Company's total issued and outstanding Class B ordinary shares will be changed from 1,840,000 Class B ordinary shares with a par value of US$0.005 each to approximately 73,600 Class B ordinary shares with a par value of US$0.125 each.

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