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Xiao-I Corporation Announces ADS Ratio Change

In an important development for investors, Xiao-I Corporation (Nasdaq: AIXI) has announced a change in the ratio of its American Depositary Shares (ADSs). Starting September 8, 2026, the new ratio will alter the conversion of ADSs to ordinary shares, shifting from one ADS representing 60 ordinary shares to one ADS representing 420 ordinary shares. This adjustment effectively equates to a one-for-seven reverse ADS split.

Details of the Change

The official transition is set to commence at the opening of trading on September 8, 2026, enabling the new structure to take effect. From that day forward, holders of Xiao-I's ADSs will find that their shares are consolidated in this new ratio, which may have implications for overall share values and market perception.

No alterations will be made to the ordinary shares as a result of this change, meaning that current holders of the ordinary shares will see no impact on their holdings due to the ADS ratio adjustment. It's clear that this decision does not affect the share count of ordinary shares and aims to improve trading conditions for its ADS.

Process of Exchange

The intended modifications will happen automatically on the effective date. For every seven ADSs held by an investor, they will receive one new ADS. Citibank, N.A., acting as the depositary, will oversee the cancellation of the old ADSs and the issuance of new ones. Investors do not need to take any action to facilitate this exchange.

Important Note: Fractional new ADSs will not be issued following this adjustment. Instead, any fractional entitlements will be aggregated and sold, with the net proceeds distributed to the respective ADS holders after fees and taxes.

About Xiao-I Corporation

Founded in 2001, Xiao-I Corporation is renowned within China for its cognitive intelligence solutions, an area that includes advanced AI technologies like natural language processing, machine learning, and voice recognition. The company's dedication to innovation has led to significant advancements in AI that have broad applications across various industries, enhancing business operations worldwide.

Xiao-I prioritizes the development of its proprietary technologies to drive industrial digitization and smart transformation, making it a leading player in the cognitive AI sector. Their ongoing commitment to research and development ensures they remain at the forefront of the tech industry.

For more detailed insights on the company's offerings and future strategies, please visit Xiao-I Corporation's official website.

Conclusion

As investors look towards the future, changes like these in ADS ratios can be critical indicators of a company's direction and health in the market. Xiao-I Corporation’s adjustment signifies its response to market dynamics and aims to enhance the trading experience of its ADS holders. Keep an eye on this development as it unfolds, ensuring you're informed of how it may affect your investment portfolio.