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Quhuo Limited Implements Change in ADS Ratio

Quhuo Limited (NASDAQ: QH), a dominant player in the gig economy sector, has recently shared strategic plans detailing an essential change in the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares. This decision is set to transform the current ratio of one ADS representing ten Class A ordinary shares to a more significant one ADS representing nine hundred (900) Class A shares.

The announcement, made on August 20, 2025, comes as part of Quhuo's strategy to optimize its capital structure and enhance shareholder value. The company will file a post-effective amendment to the ADS Registration Statement on Form F-6 with the U.S. Securities and Exchange Commission (SEC) to formalize this change, expected to be effective by August 25, 2025.

The adjustment will essentially translate to a one-for-ninety reverse ADS split, which will not alter the proportional equity interest for current ADS holders. Instead, each holder recorded as of the effective date will need to exchange ninety existing ADSs for one new ADS. Deutsche Bank Trust Company Americas has been designated as the depositary bank responsible for this exchange process.

Furthermore, it is important to note that fractional ADS allocations will not occur due to this ratio change. Any fractional shares generated throughout the exchange will be sold, and the proceeds will be distributed to the entitled ADS holders after necessary deductions like fees and taxes.

As for the implications of the new ADS ratio, Quhuo anticipates that the trading price of its ADSs will likely increase proportionally following the change, although no guarantees can be made on reaching or exceeding ninety times the previous trading price. This move comes as part of Quhuo's overall efforts to maintain robust market performance and competitive positioning within the expanding gig economy landscape.

About Quhuo Limited

Quhuo Limited is a premier workforce operational solutions platform based in China, catering predominantly to businesses involved in on-demand consumer services. By employing innovative technology, Quhuo provides comprehensive operational solutions throughout various sectors, including food delivery, mobility services, and accommodation. The company thrives on connecting consumers with service providers, ensuring efficient delivery of goods and experiences that enhance the consumer service ecosystem.

Forward-Looking Statements

This release contains forward-looking statements, as defined in the Securities Act and Securities Exchange Act. These statements involve substantial risks and uncertainties, such as Quhuo's growth management and operational challenges in evolving markets. As such, actual results may differ significantly from current expectations, and it is advisable not to place undue reliance on these forward-looking declarations. Users seeking further insights may refer to Quhuo’s latest filings with the SEC for a comprehensive view of potential risks and factors influencing their market performance.

With the ADS ratio change, Quhuo is manifesting a commitment to enhancing value for its investors and streamlining its operational capabilities in the competitive arena of gig economy services.