Corporate ActionMay 5, 2026, 08:02 AM
VisionSys AI Announces 1-for-10 Reverse ADS Split
AI Summary
VisionSys AI Inc announced plans to change its American depositary shares (ADSs) ratio, effective around May 26, 2026. The ratio will shift from 1 ADS representing 250 Class A ordinary shares to 1 ADS representing 2,500 Class A ordinary shares, which is equivalent to a one-for-ten reverse ADS split. Existing ADS holders will have their shares automatically exchanged, with no action required on their part, and fractional entitlements will be sold for cash distribution.
Key Highlights
- VisionSys AI plans to change its ADS ratio from 1 ADS representing 250 Class A ordinary shares.
- The new ratio will be 1 ADS representing 2,500 Class A ordinary shares.
- This change is equivalent to a one-for-ten (1-10) reverse ADS split.
- The ADS Ratio Change is anticipated to be effective on or about May 26, 2026.
- Holders of ADSs will have their shares automatically exchanged; no action is required.
- Fractional new ADSs will not be issued; net cash proceeds from their sale will be distributed.
- The Company's Class A ordinary shares will not change.
- VSA's ADSs will continue to trade on Nasdaq Capital Market under the symbol "VSA".