Jinxin Technology plans 1-for-25 reverse ADS split

Jinxin Technology Holding Company (NASDAQ: NAMI) announced plans to change the ratio of its American Depositary Shares to ordinary shares, moving from one ADS representing 18 ordinary shares to one ADS representing 450 ordinary shares.

The change, effective June 25, 2026, U.S. Eastern Time, will have the same effect as a one-for-25 reverse ADS split. Each ADS holder of record at the close of business on the effective date will be required to surrender and exchange every 25 existing ADSs for one new ADS.

Deutsche Bank Trust Company Americas, the depositary bank for the company's ADS program, will arrange the exchange. The company's ADSs will continue trading on the Nasdaq Stock Market under the ticker symbol "NAMI."

No fractional new ADSs will be issued. Fractional entitlements will be aggregated and sold by the depositary bank, with net cash proceeds distributed to applicable ADS holders after deduction of fees, taxes, and expenses.

The ADS ratio change will have no impact on the company's underlying ordinary shares, and no ordinary shares will be issued or cancelled. The trading price of the ADSs is expected to increase proportionately upon effectiveness of the change, though the company noted there is no assurance the post-change price will equal or exceed 25 times the pre-change price.

A post-effective amendment to the Registration Statement on Form F-6 will be filed with the U.S. Securities and Exchange Commission to reflect the change. Jinxin Technology is headquartered in Shanghai, China.

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