Zhongchao Inc. Announces 1-for-2 Share Consolidation

Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a platform-based internet technology company offering services for patients with cancer and other major diseases, today announced that the Company will effectuate a 1-for-2 share consolidation of the Company's ordinary shares of US$0.744 par value each (the "Share Consolidation").