NEW YORK, Nov. 25, 2024 — U-BX Technology Ltd. (the “Company” or “U-BX”) (NASDAQ:UBXG), an AI-powered insurance technology firm serving carriers and brokers, announced a 1-for-16 reverse stock split, approved by shareholders on October 24, 2024, and finalized by the Board of Directors on November 2, 2024. Trading will reflect this split, using the existing “UBXG” ticker, starting November 27, 2024. The new CUSIP number is G9161K112.

Effective November 27, 2024, every sixteen existing shares will merge into a single share, decreasing outstanding shares from 29.7 million to approximately 1.9 million. Simultaneously, the Company amended its articles of association to proportionally reduce authorized shares and adjust the par value of post-split shares to $0.0016 per share.

No fractional shares will be issued; shareholders entitled to a fraction will receive one whole share.

Details on the reverse stock split are in U-BX’s October 8, 2024, annual general meeting notice filed with the Securities and Exchange Commission.

About U-BX Technology Ltd.

Based in Beijing, U-BX Technology Ltd. provides insurance technology solutions in China, focusing on AI-driven value-added services for the insurance industry. These include digital promotion services to enhance social media presence and revenue generation; risk assessment services using the “Magic Mirror” algorithm, which analyzes vehicle data to predict auto insurance payouts; and bundled value-added benefits for carriers such as auto maintenance and notification services. For more information, please visit: .

Safe Harbor Statement

This announcement includes forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements, excluding historical facts, involve risks and uncertainties and are based on current expectations and projections. Forward-looking statements can be identified by words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar expressions. The Company is not obligated to update these statements unless legally required. While the Company believes these expectations are reasonable, actual results may differ significantly.

For more information, please contact:

U-BX Technology Ltd.

Investor Relations Department

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