- TIAN RUIXIANG Holdings Ltd (TIRX) has entered into non-binding memoranda of understanding for **two potential share-for-share acquisitions**.  **[1782941_0001104659-25-093575_tm2527045d1_6k.htm:1]** 
- The first target is a **"new retail" company** operating in Southeast Asia and Hong Kong, with a transaction value exceeding **US$14 million**, contingent on achieving at least **US$27 million in annual revenue** and **US$3 million in net income**.  **[1782941_0001104659-25-093575_tm2527045d1_6k.htm:1]** 
- The second target is a **New York-based creative branding agency**, valued at approximately **US$7 million**, subject to performance targets of at least **US$5 million in annual revenue** and **US$1 million in net income**.  **[1782941_0001104659-25-093575_tm2527045d1_6k.htm:1]** 
- The Company anticipates entering into definitive agreements and completing these transactions within the current year, though it cautions that there is **no guarantee**.  **[1782941_0001104659-25-093575_tm2527045d1_6k.htm:1]**

TIAN RUIXIANG Holdings Ltd Enters Non-Binding MOUs for Two Acquisitions

- TIAN RUIXIANG Holdings Ltd. announced a **reverse stock split** of its ordinary shares at a ratio of **five (5) to one (1)**.  **[1782941_0001104659-25-086863_tm2525153d1_6k.htm:0]** **[1782941_0001104659-25-086863_tm2525153d1_ex99-1.htm:0]** 
- The reverse stock split will become effective on **September 5, 2025**, with shares trading on a split-adjusted basis when the Nasdaq Global Market opens for trading.  **[1782941_0001104659-25-086863_tm2525153d1_6k.htm:0]** **[1782941_0001104659-25-086863_tm2525153d1_ex99-1.htm:0]** 
- The par value of the Company's Class A and Class B ordinary shares will increase from **US$0.025 to US$0.125 per share**.  **[1782941_0001104659-25-086863_tm2525153d1_6k.htm:0]** **[1782941_0001104659-25-086863_tm2525153d1_ex99-1.htm:0]** 
- The Company's ordinary shares will continue to trade under the existing symbol **"TIRX"**, but will use a new CUSIP number, **G8884K136**.  **[1782941_0001104659-25-086863_tm2525153d1_6k.htm:0]** **[1782941_0001104659-25-086863_tm2525153d1_ex99-1.htm:0]**

TIAN RUIXIANG HOLDINGS (TIRX)