Yatsen Announces Plan to Implement ADS Ratio Change
For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-five reverse ADS split.
- For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-five reverse ADS split.
- A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio.
- The change in the ADS Ratio will have no impact on the Company's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio.
- As a result of the change in ADS Ratio, the ADS trading price is expected to increase proportionately, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than five times the ADS trading price before the change.