Huize Holding (HUIZ) has released an update.
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Huize Holding Limited has announced a significant change in its American Depositary Shares (ADS) ratio, adjusting from 1 ADS to 20 Class A ordinary shares to 1 ADS to 100 shares. This change, effective December 9, 2024, will result in a one-for-five reverse split of ADSs for holders, while the company’s shares will continue to trade under the ticker symbol ‘HUIZ’ on Nasdaq. The adjustment will not affect the underlying Class A ordinary shares, as Citibank will manage the exchange process.
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