Quhuo to implement ADS ratio change

Quhuo (QH) will change the ratio of its American Depositary Shares, or ADSs, to Class A ordinary shares from the current ADS Ratio of 1 ADS to 10 Class A ordinary shares, par value $0.0001 per share, of the company, to a new ADS Ratio of 1 ADS to 900 Class A Ordinary Shares. The company anticipates that the change in the ADS Ratio will be effective on August 25. Quhuo’s ADSs will continue to be traded on The Nasdaq Stock Global under the same symbol “QH” under a new CUSIP number – 74841Q308. For Quhuo’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-90 reverse ADS split and will have no impact on an ADS holder’s proportional equity interest in the company. As a result of the change in the ADS Ratio, Quhuo’s ADS trading price is expected to increase proportionally.