Zhongchao CEO Yang holds 99.45% voting power after share issuance

• Issued 2.5 million Class A shares, 200,000 Class B shares to CEO-chairman Weiguang Yang’s holding vehicle on July 21, 2026.
• Yang now holds 2,500,740 Class A shares, 206,721 Class B shares.
• His stake represents about 99.45% of aggregate voting power of outstanding ordinary shares.

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