Core Viewpoint - Boqii Holding Limited plans to cease the listing of its American Depositary Shares (ADSs) on NYSE American and will substitute them with its Class A ordinary shares on a post-reverse stock split basis, effective July 11, 2025 [1][2][4] Group 1: Listing Changes - The Company will stop trading its ADSs on AMEX at 4:00 p.m. (New York Time) on July 10, 2025, with the ADR Facility terminating at the close of business on July 11, 2025 [1][2] - Following the termination of the ADR Facility, a reverse stock split will occur, consolidating every 160 existing ordinary shares into one new ordinary share with a par value of US$0.16 [3] - Holders of ADSs will have their shares automatically cancelled and will receive 0.9375 new Class A ordinary shares for each ADS cancelled [3] Group 2: Share Structure and Trading - The Company's Class A ordinary shares are expected to commence trading on AMEX under the symbol "BQ" on July 11, 2025, after the reverse split and mandatory exchange [4] - Post-reverse split, the total outstanding ordinary shares will be reduced to 2,879,559, consisting of 2,798,073 Class A ordinary shares and 81,486 Class B ordinary shares [4] - The new CUSIP number for the consolidated Class A ordinary shares will be G1311F119 [4] Group 3: Company Overview - Boqii Holding Limited is a leading pet-focused platform in China, offering a wide selection of high-quality pet products, including global and local brands, as well as its private labels [5] - The Company operates online sales platforms, including Boqii Mall and flagship stores on third-party e-commerce platforms, providing customers with convenient access to pet products [5] - Boqii Community serves as an informative and interactive platform for users to share knowledge and love for pets [5]
Boqii Holding Limited Announces Update on Substitution Listing and 1-for-160 Reverse Split