#China #Shanghai #Boqii Holding #NYSE American #ADR Termination

Boqii Holding Limited Announces Major Stock Listing Changes

Boqii Holding Limited, a prominent player in the pet industry based in China, recently announced a significant restructuring of its stock listings that is bound to impact investors and stakeholders. This move involves the termination of its American Depositary Shares (ADS) trading on the NYSE American exchange, along with a substantial reverse stock split of 1-for-160 for its ordinary shares. These shifts are aimed at simplifying its capital structure and enhancing trading efficiency.

Details of the Substitution Listing

On July 10, 2025, as per Boqii’s official announcement, trading for the existing ADSs on NYSE American will be halted at 4:00 PM New York Time. Subsequently, the current ADR Facility will be terminated as of the close of business on July 11, 2025. The termination notice will be served by The Bank of New York Mellon, the company’s designated depositary bank, which will notify all holders and beneficial owners of Boqii's ADRs regarding the conclusion of their Deposit Agreement, which has been in effect since September 29, 2020.

Implementation of Reverse Stock Split

Alongside the listing changes, Boqii will execute a reverse stock split on the effective date, consolidating every 160 existing ordinary shares into one new share with a higher par value of $0.16. This change means that shareholders will receive one new ordinary share per every 160 shares they previously held. Additionally, holders of ADS will see their shares automatically canceled but compensated with new Class A ordinary shares at a specified ratio. Though this adjustment aims to reduce the number of outstanding shares to approximately 2.88 million, it's expected to alter the trading price accordingly.

Trading Symbol Update

Following these changes, Boqii's Class A ordinary shares will commence trading under the symbol “BQ” on July 11, 2025. The adjusted trading activity is anticipated as a direct outcome of the reverse split and mandatory exchange of ADS for ordinary shares.

Impact on Shareholders

This significant restructuring is perceived as a strategic measure by Boqii to pave the way for future growth and investor confidence. While such alterations to stock structure may appear daunting for existing shareholders, they are frequently a necessary tactic for companies aiming to recalibrate their market visibility and operational efficiency.

By consolidating shares, Boqii could potentially attract more institutional investors, as reverse splits are often viewed as a step towards stabilizing stock prices and revitalizing interest in the company.

The company emphasizes that all fractional shares resulting from the exchanges will be rounded up to the nearest whole number to ensure that shareholders are not adversely affected.

About Boqii Holding Limited

Boqii Holding Limited (NYSE American: BQ) is recognized as a leading platform for pet products in China. The company's offerings include a diverse range of high-quality pet supplies from both global and local brands, including its private labels such as Yoken, Mocare, and D-cat. Through platforms like Boqii Mall and partnerships on significant e-commerce sites, Boqii delivers a seamless shopping experience, drawing in pet owners who seek convenience and quality.

With a commitment to fostering a vibrant community, Boqii also engages its users through a platform where pet lovers can connect and share insights, further enhancing brand loyalty.

Future Outlook

The forthcoming changes, including the transition from ADS to trading ordinary shares, signal Boqii's ongoing commitment to adaptability and growth in an ever-evolving marketplace. As the effective dates approach, stakeholders will keenly observe how these structural refinements may bolster their investments and influence the company’s trajectory going forward.

In conclusion, while changes in stock structure can pose uncertainties, they also open doors for renewed investor engagement and a clearer pathway for future development within Boqii Holding Limited’s strategy. With the trading of its newly adjusted shares on the horizon, Boqii appears poised to adapt and thrive in the competitive landscape of pet retail.