AMTD IDEA Group announces ADS ratio change

AMTD IDEA Group announced that it will change the ratio of its American depositary shares to its Class A ordinary shares, par value $0.0001 per share, from one ADS representing two Class A ordinary shares to one ADS representing six Class A ordinary shares, effective on or about November 17. For the Company’s ADS holders, the ADS Ratio change will have the same effect as a one-for-three reverse ADS split. On the effective date, ADS holders will be required to surrender and exchange every three ADSs then held for one new ADS. The Bank of New York Mellon, as the depositary bank for the company’s ADS program, will arrange for the exchange.