Cheetah mobile announces ads ratio change

Beijing , aug. 23, 2022 /prnewswire/ -- cheetah mobile inc. (nyse: cmcm) ("cheetah mobile" or the "company"), a leading internet company, today announced that it will change the ratio of its american depositary share ("ads") to class a ordinary share ("share") from one (1) ads representing ten (10) shares to one (1) ads representing fifty (50) shares, effective september 2, 2022 (the "ads ratio change"). for cheetah mobile's ads holders, the change in the ads ratio will have the same effect as a one-for-five reverse ads split.
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