China Liberal Education announces share consolidation

China Liberal Education (CLEU) announced that the company plans to effect a share consolidation of fifteen ordinary shares into one ordinary share. As a result of the Share Consolidation, each fifteen pre-consolidation ordinary shares outstanding will automatically combine and convert into one issued and outstanding ordinary share without any action on the part of the shareholders. The Share Consolidation will be effective on December 24. Beginning with the opening of trading on December 24, the company’s ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “CLEU” but under a new CUSIP number of G2161Y125. No fractional shares will be issued in connection with the Share Consolidation. All fractional shares will be rounded up to the whole number of shares.