ATIF Holdings Ltd Annual Report - How They Did in the Fiscal Year Ended July 31, 2025

Let's dive into how ATIF Holdings Ltd (trading as ZBAI on the Nasdaq Capital Market) performed in their fiscal year, which wrapped up on July 31, 2025.

ATIF Holdings Ltd is a parent company that owns several other businesses, including ATIF USA, ATIF Investment, ATIF BD, ATIF Consulting, and ATIF Management. They are based out of the British Virgin Islands but have operations in the US. They have clarified that they do not use Variable Interest Entities (VIEs) for their China-based operations.

As of July 31, 2025, the company had 23,639,787 ordinary shares outstanding.

Major Share Change: Reverse Stock Split On August 8, 2025, ATIF Holdings Ltd completed a 1-for-18 reverse stock split. This means that for every 18 shares an investor owned, they now own 1 share. This action reduces the number of shares outstanding and proportionally increases the price per share. It does not change the total value of an investment, only how many pieces it's divided into.

Key Takeaways for Investors:

• ATIF Holdings Ltd (ZBAI) operates as a parent company with several subsidiaries, including operations in the US, and is headquartered in the British Virgin Islands.
• The company explicitly states it does not use Variable Interest Entities (VIEs) for its China-based operations.
• As of July 31, 2025, the company had 23,639,787 ordinary shares outstanding.
• A significant corporate action occurred shortly after the fiscal year end: a 1-for-18 reverse stock split on August 8, 2025, which impacts the number of shares held and the per-share price.