New York, NY – May 27, 2021 – Ortoli Rosenstadt LLP, a New York full-service international law firm, today announced that it represented Jiuzi Holdings, Inc., a new energy vehicles franchisor and retailer under the brand name “Jiuzi” in China, in the closing of its initial public offering of 5,200,000 ordinary shares at a public offering price of US$5.00 per share. Jiuzi received aggregate gross proceeds of US$26 million from this offering, before deducting underwriting discounts and other related expenses. The ordinary shares commenced trading on the Nasdaq Capital Market on May 18, 2021 under the ticker symbol “JZXN.”

The Ortoli Rosenstadt LLP team included Partners William Rosenstadt and Jason Ye, Counsel Yarona Yieh, Associates Sophie Sang and Zhenling Zhang.