China SXT Pharmaceuticals, Inc. Announces 1 for 20 Reverse Share Split

TAIZHOU, China, May 18, 2022 (GLOBE NEWSWIRE) --  China SXT Pharmaceuticals, Inc. (NASDAQ: SXTC) ("China SXT" or the "Company"), a specialty pharmaceutical company focusing on the research, development, manufacturing, marketing, and sales of Traditional Chinese Medicine Pieces ("TCMPs"), including Advanced TCMPs (Directly-Oral TCMP and After-Soaking-Oral TCMP), fine TCMPs, regular TCMPs, and TCM Homologous Supplements ("TCMHS") announced today that an 1 for 20 reverse split of its ordinary shares was approved by the Company’s board of directors on May 10, 2022 and became effective on May 17, 2022. . In connection with the reverse share split, the Company’s shareholders will receive one new ordinary share of the Company for every twenty shares they hold. The Company’s ordinary shares is expected to begin trading on a split-adjusted basis when the market opens on May 19, 2022,