QUHUO Sets July 17 for 32,000-to-1 Reverse Split and ADR Termination; Ordinary Shares to Trade on Nasdaq

summarizeSummary

QUHUO will terminate its ADR program and implement a 32,000-to-1 reverse stock split on July 17, 2026. ADS holders will receive 0.84375 ordinary shares per ADS, and the new ordinary shares will trade on Nasdaq under symbol QH.

check_boxKey Events · Corporate Governance and Compliance · QH

• ADR Termination and Reverse Split

  The ADR program ends on July 17, 2026, accompanied by a 32,000-to-1 share consolidation. Each ADS converts to 0.84375 post-consolidation ordinary shares.

• Nasdaq Listing Transition

  Class A ordinary shares will begin trading on Nasdaq under the symbol QH (new CUSIP G73264114) on July 17, replacing the ADSs.

• Transfer Agent Appointed

  Transhare Corporation has been named as the U.S. transfer agent for the ordinary shares.

• Prior Delisting and Financing Ban

  This action follows a Nasdaq delisting threat and a one-year ban on external financing, underscoring the company's distressed state.

auto_awesomeAnalysis · QH · Trade & Services

In a last-ditch effort to preserve its Nasdaq listing, QUHUO is executing an extreme 32,000-to-1 reverse stock split and terminating its ADR program on July 17. ADSs will convert into ordinary shares at a rate of 0.84375 shares per ADS. The move comes after a delisting threat and a one-year financing ban, and while the reverse split will dramatically shrink the share count, the company remains under severe financial and regulatory strain. Eliminating the ADR structure may also reduce liquidity and limit investor access.