Summary by Futu AI
Geely Auto announced on July 4, 2024 that it will distribute American Depositary Shares (ADS) and settle them. This distribution is based on the guaranteed quotas and distribution arrangements described in a series of announcements from October 31, 2022 to June 18, 2024, and a letter dated May 30, 2024. The shareholders' meeting approved the relevant resolutions on June 18, 2024. Eligible shareholders who hold at least one eligible trading unit per hand and wish to receive their distributed ADS in physical form must complete the selection form and submit it before 4:30pm on July 18, 2024. The CUSIP number for ADS distribution is "98923K103" and the ISIN number is "US98923K1034." ADS distribution will be transferred to eligible shareholders on September 11, 2024 (New York time) and can be freely traded on the New York Stock Exchange. The company reminds shareholders that the decision to choose cash to receive distribution instead of ADS should be considered carefully based on individual circumstances.