Quhuo (NASDAQ: QH) sets new 1 ADS to 900 shares ratio

Rhea-AI Filing Summary

Quhuo Limited is changing the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares. Each ADS will now represent 900 Class A ordinary shares instead of 10. The company expects this new ADS ratio to take effect on August 25, 2025, and the ADSs will keep trading on the Nasdaq Global Market under the symbol QH with a new CUSIP.

No fractional ADSs will be issued; any fractional entitlements will be aggregated, sold, and the net cash proceeds distributed to the relevant ADS holders. The company states that, as a result of the change, the ADS trading price is expected to increase proportionally, but it cannot assure that the price after the change will be equal to or greater than 90 times the prior ADS price.

Insights

Cross-border equity structure analyst

Quhuo is executing a 90:1 ADS consolidation, expected to lift its per‑ADS trading price.

The board of Quhuo Limited approved an ADS ratio change from one ADS representing 10 Class A ordinary shares to one ADS representing 900. This is effectively a 90-for-1 consolidation at the ADS level, altering how many underlying shares each ADS stands for, without changing the total underlying equity.

The company notes that the ADS trading price is expected to increase proportionally, though it explicitly gives no assurance that post-change pricing will equal or exceed 90 times the prior ADS price. This cautious language highlights that market dynamics, not just mechanical ratio changes, will determine actual trading levels.

The change is anticipated to become effective on August 25, 2025, and the ADSs will continue to trade on Nasdaq under symbol QH with a new CUSIP. Fractional ADS entitlements will be sold with net proceeds in cash to affected holders, so investors will see cash adjustments rather than fractional ADS positions after the effective date.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number 001- 39354

Quhuo Limited

(Exact name of registrant as specified in its charter)

3F, Building A, Xin’anmen, No. 1 South Bank

Huihe South Street, Chaoyang District

Beijing, People’s Republic of China

(+86-10) 5923 6208

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On August 7, 2025, the board of directors of Quhuo Limited, a Cayman Islands exempted company (the “Company”), approved a change of the ratio of its American Depositary Shares (“ADSs”) to Class A ordinary shares (the “ADS Ratio”), from the current ADS Ratio of one ADS to ten Class A ordinary shares, par value US$0.0001 per share, of the Company (the “Class A Ordinary Shares”), to a new ADS Ratio of one ADS to 900 Class A Ordinary Shares. No fractional ADSs will be allocated in connection with such ADS Ratio change. The aggregate fractions, if any, will be sold and the net proceeds (after deduction of fees, taxes, and expenses) will be distributed to the entitled ADS holders.

The Company anticipates that the change in the ADS Ratio will be effective on August 25, 2025 (U.S. Eastern Time). The ADSs will continue to be traded on The Nasdaq Global Market under the same symbol “QH” under a new CUSIP number – 74841Q308.

As a result of the change in the ADS Ratio, the Company’s ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than 90 times the ADS trading price before the change.

On August 20, 2025, the Company issued a press release announcing the change of ADS Ratio. A copy of the press release is attached hereto as Exhibit 99.1.

INCORPORATION BY REFERENCE

This Report on Form 6-K, including Exhibit 99.1 hereto, is incorporated by reference into the registration statements on Form S-8 (File No. 333-248884) and Form F-3, as amended (File No. 333-273087 and File No. 333-281997) of Quhuo Limited, and shall be a part thereof from the date on which this Report on Form 6-K is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

Number		Description of Exhibit
99.1		Press Release, dated August 20, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Quhuo Limited
Date:	August 20, 2025		By:	/s/ Leslie Yu
				Name:	Leslie Yu
				Title:	Chairman and Chief Executive Officer

FAQ

What ADS ratio change did Quhuo (QH) approve?

Quhuo approved a change in its ADS ratio so that each American Depositary Share will represent 900 Class A ordinary shares, instead of the previous 10 Class A ordinary shares per ADS.

When will Quhuo’s new ADS to Class A share ratio take effect?

The company anticipates that the new ADS ratio of one ADS to 900 Class A ordinary shares will be effective on August 25, 2025 (U.S. Eastern Time).

How will Quhuo (QH) handle fractional ADSs from the ratio change?

No fractional ADSs will be issued. Any aggregate fractional ADS entitlements will be sold, and the net proceeds after fees, taxes, and expenses will be distributed to the entitled ADS holders.

Will Quhuo’s ADS trading price change after the new ratio?

Quhuo states that, as a result of the new ADS ratio, the ADS trading price is expected to increase proportionally, but it provides no assurance that the price will be equal to or greater than 90 times the ADS price before the change.

Will Quhuo’s trading symbol or market change after the ADS ratio adjustment?

The ADSs will continue to trade on The Nasdaq Global Market under the same symbol "QH", but will have a new CUSIP number 74841Q308 after the ADS ratio change.

How is this Quhuo ADS ratio change used in other SEC registrations?

This report, including the attached press release, is incorporated by reference into Quhuo’s registration statements on Form S-8 (File No. 333-248884) and Form F-3, as amended (File Nos. 333-273087 and 333-281997).