51talk online education group announces ads ratio change

Singapore , dec. 5, 2022 /prnewswire/ -- 51talk online education group ("51talk" or the "company") (nyse: coe), a global online education platform with core expertise in english education, announced today that the company will change the ratio of its american depositary shares ("adss") to class a ordinary shares (the "ads ratio") from one (1) ads representing fifteen (15) class a ordinary shares to one (1) ads representing sixty (60) class a ordinary shares. the intention of the ads ratio change is to prepare the company for a contemplated transfer of the listing of its adss from the new york stock exchange to the nasdaq capital market.
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