NIP Group will change its ADS ratio from one ADS per two Class A shares to one ADS per sixty Class A shares, a one-for-30 reverse split effective July 6, 2026. Fractional ADS entitlements will be sold, with net proceeds distributed to holders; no underlying shares will change.
NIP Group will amend its ADS ratio from one ADS representing two Class A ordinary shares to one ADS representing sixty Class A ordinary shares, implementing a one-for-30 reverse ADS split. A post-effective amendment to the Form F-6 registration statement will be filed to reflect this change.
On or about July 6, 2026, every thirty existing ADSs held in the Direct Registration System and The Depository Trust Company will be automatically exchanged for one new ADS. No fractional ADSs will be issued; fractional entitlements will be aggregated, sold by the depositary bank, and net proceeds distributed to holders.
The reverse split is expected to proportionately increase the trading price of each ADS, although market dynamics may influence final prices. Citibank, N.A. will serve as the depositary for the exchange, and both parties have amended the deposit agreement to align with the new ADS ratio.
