Glonghui, May 14, 丨 Burning Stone Medicine (BNR.US) announced today that the change in the ADS exchange ratio will take effect on May 15. From the previous 1 ADS equivalent to 1 Class A common share, the change was changed from 1 ADS equal to 10 Class A common shares. This change will not change Burning Stone Medical's common stock.
Due to changes in the ADS ratio, the ADS price is expected to rise proportionately, although the company cannot guarantee that the ADS price after the ADS ratio changes will be equal to or greater than ten times the ADS price before the change.