Meta Data Limited announces planned ADS ratio change

Meta Data Limited announced that it plans to change the ratio of its American depositary shares, which currently is one ADS representing two Class A ordinary shares. The new ratio is expected to be one ADS representing ten Class A ordinary shares. There will be no change to the company’s Class A ordinary shares. The effect of the ratio change on the ADS trading price on the New York Stock Exchange is expected to take place at the open of trading on July 29, 2024 (U.S. Eastern Time). ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank. As of the effective date for the ADS ratio change. the company’s ADSs will continue to be traded on the NYSE under the symbol “AIU“.