Jiuzi Holdings Inc. Share Consolidation and Amended Articles of Association

Jiuzi Holdings Inc. held two extraordinary general meetings on October 24, 2025, where shareholders approved significant changes to the company's share structure and articles of association. In the Phase I Meeting, shareholders approved the consolidation of every five issued and unissued ordinary shares into one share, increasing the par value from US$0.00039 to US$0.00195. This resulted in an authorized share capital of US$9,750,000 divided into 5,000,000,000 shares. In the Phase II Meeting, shareholders approved the further consolidation of every forty shares into one share, increasing the par value to US$0.078, and reducing the total number of shares to 125,000,000. Additionally, shareholders approved the adoption of the Sixth Amended and Restated Memorandum and Articles of Association, which replaced the existing articles. These changes are aimed at restructuring the company's share capital and governance framework.