Quhuo (OTC: QHUOD) entered a strategic cooperation framework agreement with Wons to establish joint venture companies in China, Vietnam, Germany, and the U.S. to develop AI data collection, annotation, cleaning, and delivery capabilities.
The partnership combines Quhuo's nationwide workforce operations with Wons' technical data annotation and quality systems, targets Southeast Asia for localized delivery, and aims to pursue international clients in autonomous driving, robotics, and global AI model training.
Quhuo (OTC: QHUOY) will change its ADS Ratio from 1 ADS = 900 Class A shares to 1 ADS = 27,000 Class A shares, effective April 27, 2026 (ET).
The change will operate as a one-for-30 reverse ADS split for ADS holders, requires surrender and exchange of every 30 existing ADSs for one new ADS, and will use a new CUSIP (74841Q407). No fractional ADSs will be issued; aggregate fractions, if any, will be sold and net proceeds distributed after fees.