Xchange tec.inc announces plan to implement ads ratio change

Shanghai , nov. 4, 2024 /prnewswire/ -- xchange tec.inc (nasdaq: xhg) (the "company") today announced that it plans to change the ratio of the american depositary shares ("adss") representing its class a ordinary shares from one (1) ads representing six hundred thousand (600,000) class a ordinary share to one (1) ads representing twelve million (12,000,000) class a ordinary shares. for the ads holders, the change in the ads ratio will have the same effect as a one-for-twenty reverse ads split.
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