Boqii Adjusts ADS Ratio to Enhance Shareholder Value

Boqii Announces Significant ADS Ratio Change

Boqii Holding Limited, a prominent player in the pet-focused sector, has recently made headlines with an important announcement regarding the adjustment of its American Depositary Shares (ADSs). This change signifies Boqii's commitment to optimizing shareholder value and reflects its strategic vision moving forward.

Details of the ADS Ratio Change

The company revealed that its ADS ratio will transition from one ADS representing fifteen Class A ordinary shares to a new structure where one ADS will represent one hundred and fifty Class A ordinary shares. This major shift, known as the ADS Ratio Change, is anticipated to be effective approximately on a specified date in the upcoming future.

Impact on Existing ADS Holders

The change will function similarly to a 1-for-10 reverse split for existing ADS holders. On the effective date of this change, every holder of ADS will need to surrender ten existing ADSs to the designated depositary bank, which is responsible for managing Boqii's ADS program. In exchange, they will receive one new ADS. It's important to note that those holding uncertificated ADSs will not need to take additional action, as the adjustment will be processed automatically within the depositary's records.

Fractional ADS Handling and Future Projections

As per the details of the ADS Ratio Change, fractional new ADSs will not be issued. Instead, the depositary will strive to sell any fractional claims that arise and will distribute the cash proceeds to the relevant ADS holders, once fees and expenses have been accounted for. Additionally, it is expected that this significant change could lead to a proportional increase in the ADS price, although the company cannot guarantee that the price after the change will exceed ten times its previous value.

About Boqii Holding Limited

Boqii Holding Limited is recognized as a leading platform in the pet industry. This company offers a vast assortment of high-quality pet products, catering to a wide demographic by featuring both globally recognized brands and emerging local options. Its exclusive private labels, such as Yoken, Mocare, and D-cat, provide customers with affordable pricing without compromising quality.

Boqii's ecommerce platforms, including Boqii Mall and various flagship stores across notable third-party sites, enhance customer experiences by offering easy access to premium pet products and a tailored shopping environment. Moreover, the Boqii Community serves as a rich platform where pet lovers can interact and exchange valuable information.

Investor Contact Information

For those seeking more information or with inquiries, Boqii Holding Limited provides contact details for its investor relations department. This line of communication is open for discussions, reflections, and providing insights about the company’s strategies and offerings.

Frequently Asked Questions

What is the new ADS ratio for Boqii?

The new ADS ratio indicates that one ADS will now represent one hundred and fifty Class A ordinary shares instead of fifteen.

What is the impact of the ADS Ratio Change on holders?

Holders will essentially undergo a reverse split of their shares, needing to surrender ten ADSs to receive one new ADS.

How will fractional ADSs be managed?

No fractional ADSs will be issued; instead, the depositary will sell any fractional entitlements and distribute the net proceeds to the holders.

Will Boqii's ADS continue trading on the same exchange?

Yes, Boqii's ADSs will remain listed on the NYSE American under the ticker symbol "BQ".

What does Boqii offer in terms of products?

Boqii offers a range of pet products, including leading global brands and its private labels, providing extensive options for pet owners.

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