Quhuo plans 1-for-90 reverse ADS split effective August 25

Quhuo Limited (NASDAQ: QH) announced it will change the ratio of its American Depositary Shares to Class A ordinary shares from 1 ADS to 10 ordinary shares to 1 ADS to 900 ordinary shares, according to a company statement.

The change will be effective August 25, 2025, subject to SEC approval of a post-effective amendment to the ADS Registration Statement on Form F-6. The company's ADSs will continue trading on NASDAQ under the symbol "QH" with a new CUSIP number 74841Q308.

For ADS holders, the ratio change will function as a 1-for-90 reverse split. Each holder will exchange 90 existing ADSs for one new ADS, with no impact on their proportional equity interest in the company. Deutsche Bank Trust Company Americas, the depositary bank, will handle the exchange process.

No fractional ADSs will be issued. Any aggregate fractions will be sold, with net proceeds distributed to entitled holders after deducting fees, taxes and expenses.

The company stated the ADS trading price is expected to increase proportionally following the ratio change, though it provided no assurance the post-change price will equal or exceed 90 times the pre-change price.

Quhuo operates a workforce solutions platform in China, providing operational solutions to on-demand consumer service businesses including food delivery, mobility services, housekeeping and accommodation sectors.

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