Beijing, China, May 24, 2022 (GLOBE NEWSWIRE) -- Baosheng Media Group Holdings Limited (NASDAQ: BAOS) (“Baosheng” or the “Company”), a China-based online marketing solution provider, today announced that the Company plans to effect a share consolidation of 3.2 ordinary shares with par value of $0.0005 per share each in the Company’s issued and unissued share capital into one ordinary share with par value of US$0.0016 (the “Share Consolidation”). As a result of the Share Consolidation, each 3.2 pre-split ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders.
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