Tuniu Announces Plan to Implement ADS Ratio Change and Declares Cash Dividend

Core Viewpoint - Tuniu Corporation plans to change the ratio of its American depositary shares (ADSs) from one ADS representing three Class A ordinary shares to one ADS representing thirty Class A ordinary shares, effective around April 22, 2026, and has declared a cash dividend of approximately US$13 million [1][2][6]. ADS Ratio Change - The ADS Ratio Change will effectively act as a one-for-ten reverse ADS split for existing ADS holders [2]. - Upon the Effective Date, ADS holders will exchange every ten existing ADSs for one new ADS, with JPMorgan Chase Bank, N.A. managing the exchange [3]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [4]. - The trading price of the Company's ADSs is expected to increase proportionately after the ADS Ratio Change, although no assurance can be given regarding the exact price increase [5]. Cash Dividend Declaration - The board of directors has approved a cash dividend of approximately US$13 million, payable to holders of ordinary shares and ADSs of record as of May 4, 2026 [6]. - The dividend for ordinary shares will be US$0.0399 per share, with payments expected around May 14, 2026, while the per ADS dividend will be disclosed after the ADS Ratio Change [6].