Xiao-i corporation to change its ads ratio on august 23, 2024

Shanghai , aug. 21, 2024 /prnewswire/ -- xiao-i corporation ("xiao-i" or the "company") (nasdaq: aixi), a leading artificial intelligence company, today announces that the previously announced change of the ratio of its american depositary shares (the "adss") to its ordinary shares (the "ads ratio"), par value us$0.00005 per share, from the current ads ratio of one ads to one-third of an ordinary share to a new ads ratio of one ads to 3 ordinary shares will be effective on august 23, 2024 (u.s. eastern time) (the "effective date"). for the company's ads holders, the change in the ads ratio will have the same effect as a one-for-nine reverse ads split.
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