TOUR · Tuniu Corporation

This 6-K filing discloses a cash dividend declaration tied directly to a structural change in Tuniu’s American Depositary Share program. The ADS Ratio Change—effective April 22, 2026—increased the number of underlying Class A ordinary shares represented by each ADS from three to thirty, a tenfold increase. As a result, the per-ADS dividend was recalculated to maintain economic equivalence for ADS holders relative to the previously declared $13 million aggregate payout. The $1.197 per ADS figure reflects this mechanical adjustment—not a change in dividend policy, profitability, or capital allocation strategy. Importantly, the filing confirms that dividends to holders of ordinary shares remain unchanged per the March 20, 2026 announcement, underscoring that the ADS adjustment is purely administrative and does not alter the Company’s total cash distribution commitment. For investors, the key implication lies in the re-pricing of ADS units: while the nominal per-ADS dividend rose significantly, the underlying economic value per ordinary share—and thus per ADS on a fully diluted basis—remains consistent with prior intent. No earnings data, forward guidance, or balance sheet metrics are disclosed; the event is procedural and non-operational, focused solely on aligning ADS mechanics with the revised ratio ahead of payment.