BAIYU Holdings, Inc. (Formerly TD Holdings, Inc.) Announces Reverse Stock Split

SHENZHEN, China, Oct. 27, 2023 /PRNewswire/ -- BAIYU Holdings, Inc. (formerly TD Holdings, Inc.) (Nasdaq: GLG) (the "Company"), a commodities trading service and provider in China, today announced that it plans to change its name from "TD Holdings, Inc." to "BAIYU Holdings, Inc.", its ticker symbol from "GLG" to "BYU", and to effect a 1-for-50 reverse stock split of its shares of common stock, par value $0.001. The expected marketplace effective date for the name and ticker change is October 30, 2023. The Company's common stock is expected to begin trading when the markets open on a reverse stock split-adjusted basis under the new name "BAIYU Holdings, Inc." and the new ticker symbol "BYU" on October 30, 2023. 

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