Aurora Mobile Adjusts ADS Ratio Effective December 11: Shifts from 3 ADS for 2 Shares to 3 for 40, Equivalent to One-for-Twenty Reverse Split

AURORA MOBILE LTD +1.93%

AURORA MOBILE LTD

JG

6.85

+1.93%

Aurora Mobile Limited (NASDAQ:JG) ("Aurora Mobile" or the "Company"), a leading provider of customer engagement and marketing technology services in China, today announced that it will change the effective date of its change to the ratio of its American depositary shares ("ADSs"). On November 30, 2023, Aurora Mobile announced that it intended to change the ratio of its ADSs to its Class A common shares (the "ADS Ratio Change"), par value US$0.0001 per share, from three (3) ADS representing two (2) Class A common shares to three (3) ADS representing forty (40) Class A common shares effective on or about December 6, 2023. Aurora Mobile will change the ratio of its ADSs effective December 11, 2023, U.S. Eastern Time (the "Effective Date").
 

The ADS Ratio Change will have the same effect as a one-for-twenty reverse ADS split for Aurora Mobile's ADS holders. The ADS Ratio Change will have no impact on Aurora Mobile's underlying Class A common shares, and no Class A common shares will be issued or cancelled in connection with the ADS Ratio Change. On the Effective Date, holders of the ADSs will be required to surrender and exchange every twenty (20) ADSs then held for one (1) new ADS. The Bank of New York Mellon, as the depositary bank for the Company's ADS program, will arrange for the exchange. Aurora Mobile's ADSs will continue to be traded on the Nasdaq Capital Market under the ticker symbol "JG."

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