Lixiang Education Holding Co., Ltd. plans to change its ADS ratio from 1:100 to 1:1000, effectively implementing a one-for-ten reverse ADS split effective around April 20, 2026.
Key takeaways
The company plans to change its ADS ratio from 1 ADS representing 100 ordinary shares to 1 ADS representing 1000 ordinary shares.
The change is anticipated to be effective on or about April 20, 2026, and will have the same effect as a one-for-ten reverse ADS split.
ADS holders in DRS and DTC will have their ADSs automatically exchanged on the Effective Date with no action required.
No fractional new ADSs will be issued; fractional entitlements will be sold with net cash proceeds distributed to applicable holders.
The ADS Ratio Change will not impact the company's underlying ordinary shares, and no ordinary shares will be issued or cancelled.
The company's ADSs will continue to trade on the Nasdaq Global Market under the symbol 'LXEH'.