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Boustead Securities customer, Jiuzi Holdings, Inc. ( the “ Company ” ), a new energy vehicles franchisor and retailer under the post mention “ Jiuzi ” in China, today announced the price of its upsized initial public extend ( “ Offering ” ) of 5,200,000 ordinary shares at a public offer price of US $ 5.00 per contribution. The average shares have been approved for listing on the Nasdaq Capital Market and commenced trade on May 18, 2021 under the watch symbol “ JZXN ”. The Company expects to receive aggregate gross proceeds of US $ 26 million from this offer, before deducting cover discounts and other relate expenses. The offer is expected to close on or about May 20, 2021, subject to the satisfaction of accustomed close conditions. The offer is being conducted on a firm commitment basis. Boustead Securities, LLC is acting as the sole insurance broker for the Offering. Ortoli Rosenstadt LLP is acting ampere guidance to the Company, and Sichenzia Ross Ference LLP is acting arsenic advocate to Boustead Securities, LLC. A registration statement on Form F-1 associate to the offer was filed with the Securities and Exchange Commission ( “ SEC ” ) ( file Number : 333-248416 ) and was declared effective by the SEC on May 17, 2021, and a registration argument filed pursuant to Rule 462 ( b-complex vitamin ) ( File No. 333-256223 ) became effective upon filing with the SEC. The offer is being made lone by means of a prospectus, forming a share of the registration statement. A final prospectus relating to the Offering will be filed with the SEC and may be obtained from Boustead Securities, by electronic mail at offerings @ boustead1828.com, by calling +1 ( 949 ) 502-4408 or standard chain mail to Boustead Securities, LLC, Attn : Equity Capital Markets, 6 venture, Suite 395, Irvine, CA 92618, USA. In summation, a copy of the prospectus relating to the extend may be obtained via the SEC ‘s web site at www.sec.gov. Before you invest, you should read the course catalog and other documents the Company has filed or will file with the SEC for more accomplished data about the company and the offer. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company ‘s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company ‘s securities in any state or jurisdiction in which such offer, solicitation or sale would be illegitimate prior to registration or reservation under the securities laws of such country or jurisdiction.

About Jiuzi Holdings, Inc. Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and established in 2017, franchises and operates retail stores under the trade name mention “ Jiuzi ” to sell New Energy Vehicles ( “ NEVs ” ) in third-fourth tier cities in China. The Company majorly sells battery-operated electric vehicles, and sources NEVs through more than twenty dollar bill NEV manufacturers. It has 31 operating franchise stores and one company-owned store. For more information, visit the Company ‘s web site at hypertext transfer protocol : //www.zjjzxny.cn/. About Boustead Securities, LLC Boustead Securities, LLC is an investing bank fast that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide align of industries, geographies and transactions, for a wide client infrastructure. Boustead ’ s core value suggestion is the ability to create opportunity through advanced solutions and dogged execution. With experience professionals in the United States, Boustead ’ s team moves promptly and provides a broad spectrum of twist fiscal advice and services. Boustead is a majority-owned auxiliary of Boustead & Company Limited, a diversified non-bank fiscal mental hospital. For more information visit please visit : www.boustead1828.com Form CRS/Reg BI Disclaimer: Boustead Securities, LLC, Sutter Securities Inc., and Sutter Securities Clearing, LLC ( SSC ) are registered with the Securities and Exchange Commission ( SEC ) as broker-dealers and are members of the Financial Industry Regulatory Authority ( FINRA ) and the Securities Investor Protection Corporation ( SIPC ). brokerage house and investment advisory services and fees differ and it is authoritative for you to understand these differences. free and simple tools are available to research firms and fiscal professionals at Investor.gov/CRS, which besides provides educational materials about broker-dealers, investment advisers, and investing. When we provide you with a recommendation, we have to act in your best matter to and not put our interest ahead of yours. At the same time, the manner we make money creates a conflict with your interests. Please endeavor to understand and ask us about these conflicts because they can affect the recommendations we provide you. There are many risks involved with investing. For Boustead Securities customers and clients, please see our Regulation Best Interest Relationship Guide on the Form CRS Reg BI page on our web site at hypertext transfer protocol : //themedipia.com/form-crs-reg-bi. For Sutter Securities ’ and Sutter Securities Clearing ’ s customers and clients, please see the Form CRS on the web site at hypertext transfer protocol : //suttersecurities.com/wp-content/uploads/2020/12/Sutter-Form-CRS-combined-121020.pdf. For FlashFunders ’ visitors, you may review the Form CRS of Boustead Securities, Sutter Securities and Sutter Securities Clearing under the Form CRS department. Please besides cautiously review and verify the accuracy of the information you provide us on bill applications, subscription documents and others. Forward-Looking Statements

This document contains advanced statements. In addition, from time to meter, we or our representatives may make advanced statements orally or in writing. We base these advanced statements on our expectations and projections about future events, which we derive from the information presently available to us. such advanced statements relate to future events or our future performance, including : our fiscal performance and projections ; our growth in tax income and earnings ; and our occupation prospects and opportunities. You can identify advanced statements by those that are not historic in nature, particularly those that use terminology such as “ may, ” “ should, ” “ expects, ” “ anticipates, ” “ contemplates, ” “ estimates, ” “ believes, ” “ plans, ” “ projected, ” “ predicts, ” “ electric potential, ” or “ hopes ” or the negative of these or similar terms. In evaluating these advanced statements, you should consider versatile factors, including : our ability to change the direction of the Company ; our ability to keep pace with new engineering and changing market needs ; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any advanced statement. advanced statements are only predictions. The advanced events discussed in this document and other statements made from prison term to clock time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any advanced statement, whether as a resultant role of uncertainties and assumptions, the advanced events discussed in this text file and other statements made from clock time to meter by us or our representatives might not occur .

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