Sos limited announces planned ads ratio change

New york , june 6, 2023 /prnewswire/ -- sos limited ("sos" or the "company") (nyse: sos) today announced that it plans to change the ratio of its american depositary shares ("adss") from one (1) ads representing five hundred (500) class a ordinary shares to one (1) ads representing ten (10) class a ordinary shares (the "ads ratio change"). the ads ratio change is expected to take place at the open of trading on june 16, 2023 (u.s. eastern time) (the "effective date") and is being effected simultaneously with the one-for-fifty share consolidation of the company's class a ordinary shares, par value us$0.005 each (the "share consolidation"), which was approved at the company's annual general meeting of shareholders held on may 1, 2023.
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