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Re: S-BEES-BUMBLEBEE post# 197

Sunday, 10/08/2023 11:37:40 PM

Sunday, October 08, 2023 11:37:40 PM

Post# of 217
Well...1-50 coming...might jump in after for a quick scalp 😏
" approved an amendment (the “Reverse Split Amendment”) to our Certificate of Incorporation to effect a reverse stock split of our issued and outstanding common stock at a ratio of one-for-twenty to one-for-fifty immediately following the reverse split (the “Reverse Split”), at any time prior to October 30, 2023, with the final decision of whether to proceed with Reverse Split and the exact ratio to be set at a whole number within this range, as determined by our Board in its sole discretion; and

(ii)    approved an amendment (the “Name Change Amendment”, and together with the Reverse Split Amendment, the “Charter Amendments”) to our Certificate of Incorporation to change the Company’s name to BAIYU Holdings, Inc. (the “Name Change”), with the final decision of whether to proceed with the Name Change and the timing for implementing the Name Change to be determined by the Board in its sole discretion".

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