Corporate ActionAug 7, 2026, 07:21 AM

Yimutian Plans 16-for-1 ADS Ratio Change Effective Aug 27

AI Summary

Yimutian Inc. announced a plan to implement an ADS ratio change, effective on or around August 27, 2026. The ratio will change from one ADS representing 375 Class A ordinary shares to one ADS representing 6,000 Class A ordinary shares. This adjustment will function as a 16-for-1 reverse split for ADS holders, who will exchange 16 existing ADSs for one new ADS. The company expects a proportionate increase in the ADS trading price, and this change will not affect the underlying Class A ordinary shares.

Key Highlights

Yimutian plans to change its ADS ratio from 1 ADS representing 375 Class A ordinary shares to 1 ADS representing 6,000 Class A ordinary shares.
The change will be effective on or around August 27, 2026.
The ADS Ratio Change will have the effect of a 16-for-1 reverse split for ADS holders.
ADS holders will surrender 16 existing ADSs for one new ADS.
No fractional new ADSs will be issued; net cash proceeds from fractional entitlements will be distributed.
The change will not impact the Company's underlying Class A ordinary shares.
The ADS trading price is expected to increase proportionately after the change.

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Yimutian Inc.

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