FEDU - Four Seasons Education plans to change ADS ratio

Four Seasons Education (NYSE:FEDU) plans to change number of shares represented by each ADS from two ADSs representing one ordinary share to one ADS representing ten ordinary shares. The ratio change effective date is expected to be June 21, 2022. To effect this ratio change, ADS holders will be required to exchange their existing ADSs for new ADSs on the basis of one new ADS for every twenty existing ADSs surrendered. For FEDU's ADS holders, this ratio change will have the same effect as a 1-for-20 reverse split on the existing ADSs. Four Seasons Education's ADSs will continue to be traded on the NYSE under the symbol "FEDU".

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Four Seasons Education plans to change ADS ratio