Best Inc. to implement one ADS to 20 Class A ordinary share ratio change

Best Inc. announced that it plans to change the ratio of its American Depositary Shares, or ADSs, to its Class A ordinary shares, par value $0.01 per share, from the current ADS Ratio of one ADS to five Class A ordinary shares, to a new ADS Ratio of one ADS to 20 Class A ordinary shares. The company anticipates that the ADS Ratio Change will be effective on or about April 4. For Best‘s ADS holders, the ADS Ratio Change will have the same effect as a one-for-four reverse ADS split.