Quhuo to Adjust ADS Ratio
Change in ADS Ratio: Quhuo will adjust its American Depositary Shares (ADS) ratio from 1 ADS to 10 Class A ordinary shares to 1 ADS to 900 Class A ordinary shares, effective August 25.
Trading Continuity: The company's ADSs will continue to be traded on Nasdaq under the symbol "QH," but will have a new CUSIP number - 74841Q308.
Impact on ADS Holders: This change will function similarly to a one-for-90 reverse ADS split, maintaining the proportional equity interest of ADS holders in the company.
Expected Price Increase: As a result of the new ADS ratio, Quhuo's ADS trading price is anticipated to increase proportionally.
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Quhuo Enhances Cross-Border Business Operations Through Expanded Use of Blockchain Technology
Strategic Partnership: Quhuo Limited has formed a strategic partnership with Topliquidity Management Limited to enhance its blockchain initiatives and digital currency strategies, aiming to strengthen its global expansion efforts.
International Operations: Quhuo International, focusing on vehicle exports, will leverage blockchain technology for flexible settlement and asset management, potentially using stablecoins for international transactions to improve financing and security.
Technological Integration: The collaboration will involve integrating blockchain technology into Quhuo's existing business processes, including the use of smart contracts in vehicle exports to reduce costs and increase transparency.
Future Growth Vision: Quhuo's CEO emphasized that digitalization is crucial for long-term growth, and this partnership is a proactive step towards adapting to future market dynamics and enhancing the company's competitiveness.
Quhuo's Hotel and Home Services Sector Partners with Beike to Improve Residential Service Quality
Partnership Announcement: Quhuo Limited's subsidiary, Lailai, has partnered with Ke Holdings Inc. to provide comprehensive property management services, expanding Lailai's offerings from home services to include property maintenance and tailored support for residents.
Service Expansion and Innovation: The collaboration aims to enhance living experiences through efficient, end-to-end services, leveraging Lailai's digital dispatch system for improved service delivery, and plans to extend operations to more cities while developing senior living solutions.
