Item 5.07 Submission of Matters to a Vote of Security Holders.

On February 28, 2023, stockholders of Cardiff Lexington Corporation (the "Company") holding approximately 81% of the voting power of the Company's outstanding stock consented in writing to approve an amendment to the Company's Amended and Restated Articles of Incorporation to implement a 1-for-75,000 reverse split of the Company's outstanding common stock (the "Charter Amendment"). Such consent is sufficient under Nevada law and the Company's Amended and Restated Articles of Incorporation and Bylaws to approve the Charter Amendment.

Stockholder approval of the Charter Amendment shall become effective on the 20th day following the filing and mailing to the Company's stockholders of a definitive Information Statement on Schedule 14C. The Company will promptly thereafter file the Charter Amendment with the Nevada Secretary of State to effect the reverse split. For additional information, please see the Company's preliminary Information Statement on Schedule 14C filed with the Securities and Exchange Commission on February 28, 2023.

© Edgar Online, source Glimpses