Zhongchao shares surge 17.72% premarket after shareholders approve tenfold Class B voting rights increase.

Zhongchao surged 17.72% in premarket trading after shareholders approved a tenfold increase in Class B share voting rights and a jump in authorized capital. The move sharply concentrates control within the company, signaling investor confidence in strategic governance adjustments and potential capital expansion. This approval aligns with the stock’s upward trajectory, reflecting optimism over the restructuring’s long-term implications.