AMTD IDEA Group Announces ADS Ratio Change

The ratio change leaves underlying ordinary shares unchanged while seeking to restore compliance with NYSE listing standards.

Rhea-AI Summary

AMTD IDEA Group (NYSE: AMTD) plans a one-for-60 reverse ADS split, effective on or about October 19, 2026, U.S. Eastern Time.

Each American depositary share (ADS) will represent 360 Class A ordinary shares, up from six. The company believes the change will help restore NYSE listing compliance after its average ADS closing price fell below US$1.00 over 30 consecutive trading days as of July 7, 2026. The notice has no immediate listing effect, subject to other continued listing requirements. No underlying ordinary shares will be issued or canceled, and business operations and financial condition will remain unchanged. As of October 7, 2026, repurchases under existing programs totaled 4,417,036 ADSs.

1 point · 0 major

NegativeiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Minor pointExisting repurchase programs have bought back 4,417,036 ADSs as of October 7, 2026.

Negative

• Major pointNYSE noncompliance notice followed an average ADS closing price below US$1.00 over 30 consecutive trading days.
• Moderate point. Forward-looking: it has not happened yet and may not happen.One-for-60 reverse ADS split is planned on or about October 19, 2026, to help regain listing compliance.

News Explained

Under AMTD IDEA’s planned ratio change, effective on or about October 19, 2026, no fractional ADSs will be issued; Bank of New York Mellon will aggregate and sell fractional entitlements and distribute net proceeds to affected holders after applicable fees, taxes and expenses.

Key Figures

ADS-to-share ratio: 1 ADS for 6 → 360 Class A ordinary shares NYSE price-compliance threshold: Average closing price below US$1.00 over 30 trading days Ratio change effective date: On or about October 19, 2026

ADS-to-share ratio

1 ADS for 6 → 360 Class A ordinary shares

Ratio change effective on or about October 19, 2026

NYSE price-compliance threshold

Average closing price below US$1.00 over 30 trading days

Notice based on the period ending July 7, 2026

Ratio change effective date

On or about October 19, 2026

U.S. Eastern Time

Key Terms

american depositary shares, reverse ads split, cusip

3 terms

american depositary shares financial

"its American depositary shares ("ADSs") to its Class A ordinary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

reverse ads split financial

"the same effect as a one-for-60 reverse ADS split"

A reverse ADS split is a corporate action that combines multiple American Depositary Shares (ADS) into a smaller number of ADS, so each new ADS represents more underlying ordinary shares and the price per ADS rises proportionally. Think of merging several small coins into one bigger coin: your total value stays the same, but the share count and per‑share price change, which can affect trading liquidity, index inclusion, and investor perception of the stock.

cusip technical

"with a new CUSIP."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

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PARIS and NEW YORK and SINGAPORE, Oct. 6, 2026 /PRNewswire/ -- AMTD IDEA Group (NYSE: AMTD; SGX: HKB) ("AMTD IDEA" or the "Company"), today announced that it will change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio Change"), par value US$0.0001 per share, from one (1) ADS representing six (6) Class A ordinary shares to one (1) ADS representing 360 Class A ordinary shares, effective on or about October 19, 2026, U.S. Eastern Time (the "Effective Date").

On July 8, 2026, the Company received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") indicating that the Company was not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of July 7, 2026, the average closing price of the Company's ADSs was less than US$1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Company's ADSs on the NYSE, subject to the Company's continued compliance with the NYSE's other continued listing requirements. The Notice is not expected to affect the Company's business operations or its reporting obligations with the U.S. Securities and Exchange Commission.

The Company believes that the ADS Ratio Change will facilitate the Company in regaining compliance with the applicable NYSE continued listing standards. The ADS Ratio Change will not affect the Company's underlying business operations, financial condition, assets, liabilities or shareholders' equity.

The Company remains confident in its long-term strategy, business fundamentals and growth prospects. Underscoring this confidence and its ongoing commitment to enhancing long-term shareholder value, the Company continues to actively execute its share repurchase programs as previously announced. As of October 7, 2026, the Company has repurchased 4,417,036 ADSs under the existing repurchase programs.

For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-60 reverse ADS split. On the Effective Date, ADS holders will be required to surrender and exchange every 60 ADSs then held for one (1) new ADS. The Bank of New York Mellon, as the depositary bank for the Company's ADS program, will arrange for the exchange. The Company's ADSs will continue to be traded on the New York Stock Exchange under the ticker symbol "AMTD" with a new CUSIP.

No fractional new ADSs will be issued in connection with the ADS Ratio Change. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses, where applicable) will be distributed to the applicable ADS holders by the depositary bank. The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares, and no ordinary shares will be issued or canceled in connection with the ADS Ratio Change.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions conglomerate group, connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/amtd-idea-group-announces-ads-ratio-change-302900177.html

SOURCE AMTD IDEA Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does AMTD IDEA Group's reverse ADS split take effect, and what is the ratio?

The one-for-60 reverse ADS split is scheduled to take effect on or about October 19, 2026, U.S. Eastern Time. Each new ADS will represent 360 Class A ordinary shares, compared with six before the change.

How will AMTD ADS holders exchange their shares and receive fractional entitlements?

Holders must surrender and exchange every 60 ADSs for one new ADS, with the Bank of New York Mellon arranging the exchange. No fractional new ADSs will be issued. The depositary will aggregate and sell fractional entitlements, then distribute net cash proceeds after applicable fees, taxes and expenses.