Zhihu Inc. Announces Plan To Implement ADS Ratio Change From 2 ADS Representing 1 Common Share To A Ratio Of 1 ADS Representing 3 Common Shares, Effective On Or About May 10, 2024
Zhihu Inc. Announces Plan To Implement ADS Ratio Change From 2 ADS Representing 1 Common Share To A Ratio Of 1 ADS Representing 3 Common Shares, Effective On Or About May 10, 2024
Zhihu Inc. (NYSE:ZH, HKEX: 2390))))) ("Zhihu" or the "Company"), a leading online content community in China, today announced that it plans to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio Change"), par value US$0.0001 per share, from the current ratio of two ADSs representing one Class A ordinary share to a new ratio of one ADS representing three Class A ordinary shares, effective on or about May 10, 2024, U.S. Eastern Time (the "Effective Date").
中國領先的在線內容社區知乎公司（紐約證券交易所代碼：ZH，香港交易所：2390）））（“知乎” 或 “公司”）今天宣佈，計劃將其美國存托股份（“ADS”）與其A類普通股的比例（“ADS比率變動”），面值爲每股0.0001美元，從目前的兩隻ADS的比率變動 A類普通股與代表三股A類普通股的ADS的新比率，於美國東部時間2024年5月10日左右（“生效日期”）生效。
For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split. Upon the Effective Date, ADS holders will be required to surrender and exchange every six existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company's ADS program, will arrange for the exchange. The Company's ADSs will continue to be traded on the New York Stock Exchange under the ticker symbol "ZH."
對於公司的ADS持有人而言，ADS比率變更將與一比六的反向ADS拆分具有相同的效果。在生效之日，ADS持有人將被要求交出並每持有的六張現有ADS換成一個新的ADS。摩根大通銀行作爲公司ADS計劃的存託銀行，北卡羅來納州摩根大通銀行將安排此次交易所。該公司的ADS將繼續在紐約證券交易所上市，股票代碼爲 “ZH”。
No fractional new ADSs will be issued in connection with the ADS Ratio Change. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes, and expenses, where applicable) will be distributed to the applicable ADS holders by the depositary bank. The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares, and no ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.
不會發行與ADS比率變動相關的部分新ADS。取而代之的是，新存託銀行將彙總和出售新存託憑證的部分權益，出售部分ADS權益（扣除費用、稅收和支出，如適用）的淨現金收益將由存託銀行分配給適用的ADS持有人。ADS比率變更不會對公司的標的A類普通股產生任何影響，也不會發行或取消與ADS比率變動相關的普通股。
As a result of the ADS Ratio Change, the ADS trading price is expected to increase proportionately upon the effectiveness of the ADS Ratio Change, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than six times the ADS trading price before the change.
由於ADS比率變動，預計ADS交易價格將根據ADS比率變更的有效性相應上漲，儘管公司無法保證ADS比率變更後的ADS交易價格將等於或大於變更前ADS交易價格的六倍。
譯文內容由第三人軟體翻譯。