QUHUO Ltd

Quhuo Limited announced changes to its Board of Directors. Ms. Jie Jiao and Mr. Jingchuan Li ceased their roles as independent directors on July 8, 2026, due to term expiration. The company appointed Mr. King Fui Lee as an independent director and Chairman of the Audit Committee, and Mr. Ke Zhang as an independent director, both effective July 9, 2026.

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.

QUHUO Ltd. is holding an Extraordinary General Meeting (EGM) on July 6, 2026, to vote on significant corporate actions. Key proposals include revoking previous share capital resolutions, implementing a 32,000-to-1 share consolidation effective with its Nasdaq listing and ADR termination, increasing authorized share capital, reducing the par value of shares, and authorizing the board for future potential share consolidations. The company aims to improve the marketability and liquidity of its shares.

QUHUO Ltd announced that the Nasdaq Hearings Panel granted its request for continued listing on Nasdaq, following a previous suspension of trading due to a low bid price. The decision, received on May 18, 2026, is subject to several conditions, including transferring its listing to The Nasdaq Capital Market and committing to no external financing for one year. The company had previously effected a 1-for-30 reverse stock split on April 27, 2026, and regained bid price compliance by May 13, 2026. Trading in the company's ADSs may resume after satisfying the conditions, but QUHUO will be under a one-year discretionary panel monitor.

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.