Core Viewpoint - Huize Holding Limited will change the ratio of its American depositary shares (ADSs) to its Class A ordinary shares from 1:20 to 1:100, effectively implementing a one-for-five reverse ADS split [1][2]. Group 1: ADS Ratio Change - The new ADS Ratio will be effective on or about December 9, 2024, subject to the SEC's approval of the post-effective amendment to the ADS Registration Statement [2]. - Each ADS holder will need to surrender five existing ADSs to receive one new ADS, with automatic exchanges for holders in The Depository Trust Company and the Direct Registration System [3]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3]. Group 2: Company Overview - Huize Holding Limited is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions [4]. - The company targets mass affluent consumers and offers a comprehensive insurance ecosystem covering the entire insurance life cycle, providing a wide range of products and services [4]. - Huize leverages AI and data analytics to enhance the insurance service chain, focusing on consultation, user engagement, marketing, risk management, and claims service [4].
Huize Holding Limited Announces Plan to Implement ADS Ratio Change