Summary by Futu AI
Zhihu Inc., a prominent online content community in China, has announced its intention to adjust the ratio of its American depositary shares (ADSs) to Class A ordinary shares. The change, which is set to take effect around May 10, 2024, will alter the current ratio from two ADSs representing one Class A ordinary share to one ADS representing three Class A ordinary shares. This adjustment is equivalent to a one-for-six reverse ADS split for the company's ADS holders. As a result, shareholders will be required to exchange six existing ADSs for one new ADS. The exchange will be facilitated by JPMorgan Chase Bank, N.A., the depositary bank for Zhihu's ADS program. The ADSs will continue to trade...Show More