Corporate ActionApr 26, 2026, 05:26 AM
QH Changes ADS Ratio from 1:900 to 1:27,000
AI Summary
QUHUO Ltd's board of directors approved a change in the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares, moving from the current 1:900 ratio to a new ratio of 1:27,000. This adjustment is anticipated to become effective on April 27, 2026. The company expects the ADS trading price to increase proportionally as a result of this change, though no assurance is given. The ADSs will continue to be quoted on the OTC Market under the symbol "QHUOY" with a new CUSIP number.
Key Highlights
- QUHUO Ltd's board approved a change in the ADS Ratio on April 10, 2026.
- New ADS Ratio set at one ADS to 27,000 Class A ordinary shares.
- Previous ADS Ratio was one ADS to 900 Class A ordinary shares.
- Change in ADS Ratio is expected to be effective on April 27, 2026.
- ADSs will continue to trade on OTC Market under symbol "QHUOY" with new CUSIP 74841Q407.
- ADS trading price is expected to increase proportionally.