Qutoutiao inc. announces plan to implement ads ratio change

Shanghai, china, dec. 02, 2021 (globe newswire) -- qutoutiao inc. (“qutoutiao” or the “company”) (nasdaq: qtt), a leading operator of mobile content platforms 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$0.0001 per share, from the current ads ratio of four (4) adss to one (1) class a ordinary share to a new ads ratio of two (2) adss to five (5) class a ordinary shares. the company anticipates that the change in the ads ratio will be effective on or about december 10, 2021.
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