Yimutian plans to amend its American Depositary Share ratio from one ADS representing 25 Class A ordinary shares to one ADS representing 375 Class A ordinary shares, equating to a 15-for-1 reverse split of its ADSs. The change is scheduled to take effect on or around May 18, 2026, U.S. Eastern time.

Upon effectiveness, holders must surrender and exchange every 15 existing ADSs for one new ADS, with JPMorgan Chase Bank acting as depositary to arrange the exchange. No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated, sold, and net cash proceeds (after fees and expenses) distributed to applicable ADS holders.

The ADSs will continue trading on the Nasdaq under the existing ticker, with the per-ADS trading price expected to increase proportionately post-split. There will be no issuance or cancellation of underlying Class A ordinary shares, and no change to the total share count of the company’s ordinary shares.

Yimutian is a leading agricultural B2B digital service provider in mainland China, dedicated to digitalizing the agricultural product supply chain to make transactions more efficient, transparent, secure, and convenient. The company’s platform supports farmers, distributors, and institutions through a streamlined infrastructure for agricultural product trading.