111, Inc. Announces Change in ADS Ratio to Enhance Market Operations

111 ( (YI) ) just unveiled an announcement.

111, Inc. announced a change in the ratio of its American Depositary Shares (ADS) to Class A ordinary shares, moving from 1 ADS representing 2 shares to 1 ADS representing 20 shares, akin to a one-for-ten reverse ADS split. This change, effective on January 24, 2025, is expected to proportionally increase the ADS trading price on Nasdaq, although the company offers no guarantee of this outcome. The adjustment is aimed at maintaining effective market operations and does not require action from ADS holders.

More about 111

111, Inc. is a tech-enabled healthcare platform company in China focused on transforming the healthcare industry’s value chain through digital empowerment. It provides access to pharmaceutical products and healthcare services via its online pharmacy, 1 Pharmacy, and virtual network of offline pharmacies. Additionally, it offers online healthcare services through its internet hospital, 1 Clinic. Its platform, 1 Medicine, helps pharmacies source a wide range of pharmaceutical products, and it provides omni-channel drug commercialization solutions, including digital marketing and patient education.

YTD Price Performance: -9.52%

Average Trading Volume: 181,973

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $52.26M

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