Corporate ActionJul 7, 2026, 04:18 PM
Quhuo Shareholders Approve ADR Termination, Direct Nasdaq Listing
AI Summary
QUHUO Ltd. announced that its shareholders approved the termination of the company's American Depositary Receipt program and the direct listing of its Class A ordinary shares on The Nasdaq Stock Market LLC. These actions, which will occur on the same date, have not yet taken effect. The approvals were made at an Extraordinary General Meeting held on July 6, 2026, where all presented resolutions were duly passed.
Key Highlights
- Shareholders approved the termination of the American Depositary Receipt (ADR) program.
- Shareholders approved the direct listing of Class A ordinary shares on The Nasdaq Stock Market LLC.
- The ADR termination and direct listing are to occur on the same date, not yet effective.
- An Extraordinary General Meeting (EGM) was held on July 6, 2026.
- A quorum was present at the EGM with 86,356,693,430 votes represented.
- All resolutions presented to shareholders at the EGM were duly passed.
Price Impact
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