Quhuo to Implement ADS Ratio Change: 1 ADS to 900 Class A Shares

Quhuo (QH) will change its American Depositary Shares (ADS) ratio to Class A ordinary shares from 1 ADS to 10 Class A ordinary shares to a new ratio of 1 ADS to 900 Class A ordinary shares. The change will be effective on August 25 and will have no impact on ADS holders' equity interest, but the ADS trading price is expected to increase proportionally. The ADSs will continue to be traded on The Nasdaq Stock Global under the symbol "QH" and new CUSIP number 74841Q308.

BEIJING, Aug. 20, 2025 – Quhuo Limited (NASDAQ: QH), a leading gig economy platform focusing on local life services, has announced a significant change to its American Depositary Shares (ADS) ratio. The company will transition from a 1:10 ADS to Class A ordinary shares ratio to a new 1:900 ratio, effective August 25, 2025, subject to regulatory approval [1].

The change, which will have the same effect as a 1-for-90 reverse ADS split, will not impact ADS holders' proportional equity interest in the company. Each ADS holder of record will be required to surrender and exchange every 90 existing ADSs for one new ADS. Deutsche Bank Trust Company Americas, the depositary bank for Quhuo’s ADS program, will manage the exchange process [1].

The ADS trading price is expected to increase proportionally following the ratio change, although Quhuo cannot guarantee that the new trading price will equal or exceed 90 times the previous trading price. The company’s ADSs will continue to be traded on The Nasdaq Stock Market under the symbol "QH" but with a new CUSIP number – 74841Q308 [1].

In addition to the ADS ratio change, Quhuo has recently announced a strategic partnership with NIU World to establish a chain brand incubation platform focused on fresh beef in China. This move is part of Quhuo’s efforts to expand its operations and enhance its market presence. The collaboration is designed to create a vertically integrated supply chain ecosystem that spans from slaughterhouses to end-user dining and retail channels [2].

Quhuo Limited provides technology-enabled operational solutions to consumer service businesses in China, primarily in sectors with significant e-commerce exposure including food delivery, mobility services, housekeeping, and accommodation. The company maintains a current ratio of 1.4, though concerns have been raised about cash burn rates and weak gross profit margins of 2.42% [1].

References:
[1] https://za.investing.com/news/company-news/quhuo-to-implement-1for90-ads-ratio-change-93CH-3849342
[2] https://www.prnewswire.com/news-releases/quhuo-announces-plan-to-implement-ads-ratio-change-302534152.html