Huize will hold its annual shareholders' meeting in Hong Kong on the morning of November 29th at 10:00 a.m.
According to the Wise Finance APP, Huize (HUIZ.US) will hold its annual shareholders' meeting in Hong Kong on the morning of November 29 at 10:00 a.m., where no proposals will be submitted for approval by shareholders, but as an open forum for American Depositary Shares (ADS) shareholders and beneficial owners to discuss company affairs with management.
In addition, the company plans to change the ratio of American depositary shares to Class A common shares from the current 1:20 to 1:100, i.e., 1 ADS per 100 Class A common shares. For holders of the company's ADS, the change in the ADS ratio will have the same effect as a reverse-split with a 1:5 ratio. The company expects the change in the ADS ratio to take effect around December 9, 2024 (Eastern Time).
