On March 30, Avalon GloboCare (stock code: ALBT) announced that its shareholders have officially approved the authorization to implement a reverse stock split at an appropriate time in the future.

The resolution has been disclosed through documents filed with the US Securities and Exchange Commission (SEC). Reverse stock splits are typically used to raise the share price per stock in order to meet exchange listing requirements or improve the market performance of a company's stock. This authorization provides Avalon GloboCare with flexibility to determine the specific execution timing and ratio based on market conditions and company needs.