JZ News & Events

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 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.

Jianzhi Education Technology Group entered into an agreement with SeaArt AI. Under the terms of the Agreement, Jianzhi and SeaArt AI will explore possible collaborations across several areas, including the development of AI-driven visual and multimedia educational content, integration of SeaArt AI's generative AI image and video creation capabilities into Jianzhi's online learning platforms, and exploration of applications of large-scale AI models in professional development training.