TDH Holdings, Inc. Announces 1-for-20 Reverse Stock Split

QINGDAO, China, June 10, 2022 /PRNewswire/ -- TDH Holdings, Inc. (NASDAQ:PETZ) ("TDH" or the "Company"), a PRC-based company that specializes in the development, manufacturing and sales of pet food products in China and beyond, announced today that the Company's Board approved to effect a reverse stock split of the Company's common shares at the ratio of one-for-twenty with the market effective date of June 14, 2022.  The objective of the reverse stock split is to enable the Company to regain compliance with NASDAQ Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.