SplitApr 29, 2026, 06:34 AM
YMT Announces 15-for-1 Reverse ADS Split Effective May 18
AI Summary
Yimutian Inc. announced a change in its American Depositary Shares (ADSs) to Class A ordinary shares ratio, effective on or around May 18, 2026. The new ratio will be one ADS representing 375 Class A ordinary shares, up from the current 25. This change will have the same effect as a 15-for-1 reverse split for ADS holders, requiring them to exchange every 15 existing ADSs for one new ADS. The company expects the ADS trading price to increase proportionately.
Key Highlights
- YMT to change ADS ratio from 1:25 to 1:375 Class A ordinary shares.
- This change is equivalent to a 15-for-1 reverse split for ADS holders.
- Effective date for the ADS Ratio Change is on or around May 18, 2026.
- ADS holders must surrender 15 existing ADSs for one new ADS.
- Fractional new ADSs will be sold, and net cash proceeds distributed to holders.
- No impact on the company's underlying Class A ordinary shares.
- ADSs will continue to trade on Nasdaq under ticker "YMT".