Trident Digital to implement ADS ratio change

Trident Digital (TDTH) will effectuate its change of the ratio of its American depositary shares, or ADSs, to its Class B ordinary shares, par value 0.001c per share, from the current ADS Ratio of one ADS to 8 Class B ordinary shares to a new ADS Ratio of one ADS to 240 Class B ordinary shares on April 24. For the company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-30 reverse ADS split. Holders of ADSs need not take any action. The exchange will occur automatically. The company’s ADSs will continue to be traded on Nasdaq under the symbol “TDTH.” The ADS Ratio Change will have no impact on the company’s underlying Class B ordinary shares, and no Class B ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.