Best inc. announces plan to implement ads ratio change

Hangzhou, china , may 10, 2022 /prnewswire/ -- best inc. (nyse: best) ("best" or the "company"), a leading integrated smart supply chain solutions and logistics services provider in china, today announced that it plans to change the ratio of its american depositary shares ("adss") to its class a ordinary shares (the "ads ratio"), par value us$0.01 per share, from the current ads ratio of one (1) ads to one (1) class a ordinary share, to a new ads ratio of one (1) ads to five (5) class a ordinary shares (the "ads ratio change"). the company anticipates that the ads ratio change will be effective on or about may 20, 2022.
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