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Xiao-I to implement ADS ratio change
Xiao-I (AIXI) announced a change in the ratio of its American Depositary Shares (ADSs) to ordinary shares, moving from one ADS representing one-third of an ordinary share to one ADS representing 60 ordinary shares. This change, expected to be effective around May 11, will function as a one-for-twenty reverse ADS split for current ADS holders, proportionally increasing the ADS trading price. The company’s ADSs will continue to trade on Nasdaq under “AIXI,” with no impact on the underlying ordinary shares.