Jinxin Technology Holding Company Announces Plan to Implement ADS Ratio Change

Jinxin Technology Holding Company (NASDAQ:NAMI) plans to change its ADS ratio from 1 ADS representing 18 ordinary shares to 1 ADS representing 450 ordinary shares, effectively a one-for-25 reverse ADS split.

Rhea-AI Summary

Jinxin Technology Holding Company (NASDAQ:NAMI) plans to change its ADS ratio from 1 ADS representing 18 ordinary shares to 1 ADS representing 450 ordinary shares, effectively a one-for-25 reverse ADS split.

The change is expected to be effective on June 25, 2026, with no impact on underlying ordinary shares.

Positive

• Reverse ADS split may proportionately increase NAMI ADS trading price
• ADSs will continue trading on Nasdaq under ticker symbol NAMI
• No issuance or cancellation of underlying ordinary shares in ADS change

Negative

• One-for-25 reverse ADS split reduces number of ADSs held
• Fractional ADS entitlements will be sold for cash instead of issued
• Future ADS trading price after ratio change is not guaranteed

Argus Jun 23 session

+3.69% close to close Open Argus

Details

News Market Reaction – NAMI

On Jun 23, the day this news came out, NAMI closed 3.69% above the previous close.

Data tracked by StockTitan Argus for the Jun 23 session.

Key Figures

Current ADS ratio: 1 ADS : 18 ordinary shares New ADS ratio: 1 ADS : 450 ordinary shares Reverse ADS split: 1-for-25 +5 more

Current ADS ratio

1 ADS : 18 ordinary shares

Before announced ADS Ratio Change

New ADS ratio

1 ADS : 450 ordinary shares

After ADS Ratio Change

Reverse ADS split

1-for-25

Effective via ADS Ratio Change

Exchange requirement

25 existing ADS for 1 new ADS

ADS holders on the Effective Date

Effective date

June 25, 2026

Anticipated ADS Ratio Change effectiveness (U.S. Eastern Time)

Minimum bid price

$1.00

Nasdaq requirement in deficiency notice

Compliance period

180 calendar days

To regain Nasdaq bid-price compliance

User base

more than 40 million users

Ecosystem referenced with NAMI INSIGHT One launch

Historical Context

4 past events · Latest: Mar 27

4 events

1. Mar 27

   AI product launch

   24h Move

   -10.0%

   Launch of NAMI COMPANION AI learning devices expanding smart hardware ecosystem.

2. Feb 02

   Listing compliance

   24h Move

   +12.3%

   Nasdaq notice for minimum bid-price deficiency and defined compliance deadline.

3. Jan 09

   AI product debut

   24h Move

   +1.5%

   CES debut of NAMI INSIGHT One AI learning glasses for education use cases.

4. Dec 31

   AI device launch

   24h Move

   -6.8%

   Commercial launch of NAMI INSIGHT One AI-native wearable learning device in China.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

american depositary shares, ads ratio change, form f-6, reverse ads split

4 terms

american depositary shares financial

"change the ratio of its American Depositary Shares ("ADSs") to its 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.

ads ratio change financial

"the "ADS Ratio Change") from one ADS representing 18 ordinary shares to one ADS"

An ads ratio change is an adjustment to how many American Depositary Shares (ADS) represent one unit of a foreign company’s ordinary shares — like changing whether a cake is cut into 2 or 10 slices. Investors care because it alters the number of tradable ADS, the implied price per ADS and an investor’s ownership stake, which can affect liquidity, perceived value and comparisons of holdings across markets.

form f-6 regulatory

"A post-effective amendment to the Registration Statement on Form F-6 will be filed"

Form F-6 is an SEC registration form used when a U.S. depositary bank creates American Depositary Receipts (ADRs), which are certificates that let U.S. investors buy and sell shares of a foreign company as if they were domestic stocks. Think of an ADR as a local-language label placed on a foreign product: it makes the foreign share easier to trade and settle in U.S. markets, increasing accessibility, liquidity and investor choice while bringing certain U.S. disclosure and regulatory oversight.

reverse ads split financial

"will have the same effect as a one-for-25 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SHANGHAI, June 23, 2026 /PRNewswire/ -- Jinxin Technology Holding Company ("Jinxin" or the "Company") (NASDAQ: NAMI), an innovative digital content service provider in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares (the "ADS Ratio Change") from one ADS representing 18 ordinary shares to one ADS representing 450 ordinary shares.

For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-25 reverse ADS split. A post-effective amendment to the Registration Statement on Form F-6 will be filed with the U.S. Securities and Exchange Commission to reflect the ADS Ratio Change. The Company anticipates that the ADS Ratio Change will be effective on June 25, 2026, U.S. Eastern Time (the "Effective Date").

Each ADS holder of record at the close of business on the Effective Date will be required to surrender and exchange every 25 existing ADSs then held for one new ADS. Deutsche Bank Trust Company Americas, as the depositary bank for the Company's ADS program, will arrange for the exchange of the current ADSs for the new ones. The Company's ADSs will continue to be traded on the Nasdaq Stock Market under the ticker symbol "NAMI."

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 ordinary shares, and no ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.

As a result of the ADS Ratio Change, the trading price of the Company's ADSs is expected to increase proportionately upon the effectiveness of the ADS Ratio Change, although there can be no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than 25 times the ADS trading price before the ADS Ratio Change.

About Jinxin Technology Holding Company

Headquartered in Shanghai, China, Jinxin Technology Holding Company is an innovative provider of digital content and interactive communication services. Through its flagship platform Namibox, the Company delivers intelligent, engaging, and curriculum-aligned products powered by advanced AI, AR, and digital human technologies.

Jinxin Technology works closely with China's leading textbook publishers and educational platforms, providing AI-generated digital content for primary and middle school students. Its distribution channels include:

• Namibox, the Company's flagship learning app
• Telecom and broadcast operators
• Third-party educational devices

For more information, please visit the Company's website at https://ir.namibox.com. 

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under 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," "confident," "potential," "continue," or other similar expressions. Jinxin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Jinxin's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and the Company undertakes no obligation to update such information, except as required under applicable law.

For Investor and Media Inquiries, Please Contact:

Jinxin Technology Holding Company
Investor Relations Department
Email: ir@namibox.com

View original content:https://www.prnewswire.com/news-releases/jinxin-technology-holding-company-announces-plan-to-implement-ads-ratio-change-302807497.html

SOURCE Jinxin Technology Holding Company

FAQ

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

What is the ADS ratio change announced by Jinxin Technology (NASDAQ:NAMI)?

Jinxin plans to change each ADS from representing 18 ordinary shares to 450 ordinary shares, effectively a one-for-25 reverse ADS split. According to Jinxin, this ADS Ratio Change restructures ADS holdings without affecting the total number of underlying ordinary shares.

When will the NAMI ADS ratio change and reverse ADS split take effect?

The ADS Ratio Change for NAMI is expected to become effective on June 25, 2026, U.S. Eastern Time. According to Jinxin, ADS holders of record at close of business that day will be subject to the new one-for-25 ADS exchange ratio.

How will the NAMI ADS ratio change affect existing ADS holders?

Each NAMI ADS holder must surrender every 25 existing ADSs for one new ADS after the ratio change. According to Jinxin, Deutsche Bank, as depositary bank, will arrange the exchange and distribute net cash proceeds for any fractional ADS entitlements.

Will the Jinxin Technology (NAMI) ADS ratio change impact ordinary shareholders?

The ADS Ratio Change will not change the company’s underlying ordinary shares or their total count. According to Jinxin, no ordinary shares will be issued or cancelled; only the ADS-to-ordinary-share representation and ADS count will be adjusted.

How might the ADS ratio change influence the NAMI ADS trading price?

The ADS trading price is expected to rise proportionately after the one-for-25 reverse ADS split. According to Jinxin, there is no assurance the post-change price will equal or exceed 25 times the pre-change ADS trading price.

What happens to fractional NAMI ADS positions after the ADS ratio change?

No fractional new ADSs will be issued following the ADS Ratio Change. According to Jinxin, fractional entitlements will be aggregated and sold by the depositary bank, with net cash proceeds, after fees and taxes, distributed to affected ADS holders.