On March 20, 2019, the Securities and Exchange Commission (“SEC”) adopted amendments to simplify disclosure requirements under Regulation S-K for companies and investment advisors. These amendments are intended to improve the readability and navigability of SEC documents and to discourage disclosure of immaterial information. The final amendments include approximately 30 changes. The summary below highlights their key aspects.

Powerbridge Technologies Co., Ltd. (the “Company”) (Nasdaq: PBTS), a global trade software application and technology services provider, today announced the closing of the initial public offering (“IPO”) of 1,750,000 ordinary shares, par value $0.00166667 per share, at a price of $5.00 per share. The Company’s ordinary shares began trading on the Nasdaq Capital Market on April 2, 2019 under the symbol “PBTS.”