LightInTheBox to Change ADS Ratio From 1:2 to 1:12, Effective September 5
LightInTheBox to Change ADS Ratio From 1:2 to 1:12, Effective September 5
LightInTheBox Holding Co., Ltd. (NYSE:LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced that it plans to change the ratio of its American depositary shares ("ADSs") to its ordinary shares (the "ADS Ratio Change"), par value US$0.000067 per share, from the current ratio of one (1) ADS representing two (2) ordinary shares to a new ratio of one (1) ADS representing twelve (12) ordinary shares. The Company aims to effectuate the ADS Ratio Change on or about September 5, 2024, U.S. Eastern Time (the "Effective Date").
兰亭集势控股有限公司（NYSE：LITB）（“兰亭集势”或“公司”），一家向全球消费者运送产品的服装电子商务零售商，今天宣布计划将其美国存托凭证（“ADSs”）与普通股（“ADS比例变动”）的比例从当前的每一（1）个ADS代表两（2）个普通股更改为每一（1）个ADS代表十二（12）个普通股。该公司计划在2024年9月5日（美国东部时间）左右完成ADS比例变动（“生效日期”）。