Quhuo (OTC: QHUOY) plans one-for-30 reverse ADS ratio change

Rhea-AI Filing Summary

Quhuo Limited is changing the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from one ADS for 900 shares to one ADS for 27,000 shares. The company views this as having the same effect as a one-for-30 reverse ADS split, consolidating ADSs but not changing any holder’s proportional equity interest.

The change is anticipated to take effect on April 27, 2026 (U.S. Eastern Time). Each ADS holder of record on the effective date will surrender every 30 existing ADSs in exchange for one new ADS. No fractional ADSs will be issued; any aggregate fractional entitlements will be sold and the net cash proceeds distributed to entitled holders after fees, taxes, and expenses. Quhuo’s ADSs will continue to trade on the OTC Market under the symbol QHUOY with a new CUSIP number 74841Q407. The company states that the ADS trading price is expected to increase proportionally, though there is no assurance it will reach exactly 30 times the prior level.

Key Figures

Current ADS ratio: 1 ADS : 900 Class A shares New ADS ratio: 1 ADS : 27,000 Class A shares Reverse ADS split effect: 1-for-30 +3 more

6 metrics

Current ADS ratio 1 ADS : 900 Class A shares Existing ADS structure before April 27, 2026

New ADS ratio 1 ADS : 27,000 Class A shares Anticipated effective April 27, 2026

Reverse ADS split effect 1-for-30 Every 30 existing ADSs exchanged for 1 new ADS

Effective date April 27, 2026 U.S. Eastern Time effectiveness for ADS ratio change

New CUSIP 74841Q407 CUSIP for Quhuo ADSs after ratio change

Exchange rate for holders 30 existing ADSs for 1 new ADS Applied to ADS holders of record on effective date

Key Terms

American Depositary Shares, ADS Ratio, reverse ADS split, CUSIP number, +2 more

6 terms

American Depositary Shares financial

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

ADS Ratio financial

"from the current ADS Ratio of one ADS to 900 Class A ordinary shares"

The ads ratio measures the proportion of a company's revenue that comes from advertising activities compared to other sources. It helps investors understand how much of a company's income depends on advertising efforts, similar to how a restaurant's income might rely heavily on dine-in sales versus takeout. A higher ads ratio indicates a greater dependence on advertising-related revenue, which can signal potential risks or opportunities depending on market trends.

reverse ADS split financial

"will have the same effect as a one-for-30 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 number financial

"under a new CUSIP number, 74841Q407"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

foreign private issuer regulatory

"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT RULE 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

forward-looking statements regulatory

"This press release contains “forward-looking statements” within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 6-K: How Foreign Companies Report to the SEC →

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 April 2026

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 ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On April 10, 2026, the board of directors of Quhuo Limited, a Cayman Islands exempted company (the “Company”), approved a change in 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 900 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 27,000 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 April 27, 2026 (Eastern Time). The ADSs will continue to be quoted on the OTC Market under the symbol “QHUOY” under a new CUSIP number, 74841Q407.

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 30 times the ADS trading price before the change.

On April 24, 2026, 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 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 April 24, 2026

1

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:	April 24, 2026		By:	/s/ Leslie Yu
				Name:	Leslie Yu
				Title:	Chairman and Chief Executive Officer

2

Exhibit 99.1

Quhuo Announces Plan to Implement ADS Ratio Change

BEIJING, April 24, 2026 /PRNewswire/ -- Quhuo Limited (OTC: QHUOY) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services, today announced that it will change 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 nine hundred (900) 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 twenty-seven thousand (27,000) Class A Ordinary Shares.

The Company anticipates that the change in the ADS Ratio will be effective on April 27, 2026 (U.S. Eastern Time). Quhuo’s ADSs will continue to be quoted on the OTC Market under the symbol "QHUOY" under a new CUSIP number, 74841Q407.

For Quhuo’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-30 reverse ADS split and will have no impact on an ADS holder’s proportional equity interest in the Company. Each ADS holder of record at the close of business on the date when the change in ADS Ratio is effective will be required to surrender and exchange every thirty (30) existing ADSs then held for one (1) new ADS. Deutsche Bank Trust Company Americas, as the depositary bank for Quhuo’s ADS program, will arrange for the exchange of the current ADSs for the new ones, if needed.

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.

As a result of the change in the ADS Ratio, Quhuo’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 30 times the ADS trading price before the change.

About Quhuo Limited

Quhuo Limited (OTC: QHUOY) (“Quhuo” or the “Company”) is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.

Safe Harbor Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding Quhuo's business development, financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on Quhuo's current expectations and involve risks and uncertainties. Quhuo's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties related to Quhuo's abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) establish in its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationships with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares in relation to competitors in existing markets and its success in expansion into new markets. Other risks and uncertainties are included under the caption “Risk Factors” and elsewhere in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's latest annual report on Form 20-F. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Quhuo undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

For further information:

Quhuo Limited

E-mail: pr@meishisong.cn

FAQ

What ADS ratio change did Quhuo (QH) announce in its Form 6-K?

Quhuo approved changing its ADS ratio from one ADS representing 900 Class A ordinary shares to one ADS representing 27,000 shares. This effectively performs a one-for-30 reverse ADS split while keeping each holder’s proportional ownership in the company unchanged.

When will Quhuo’s new ADS ratio of 1:27,000 become effective?

The new ADS ratio is anticipated to become effective on April 27, 2026, U.S. Eastern Time. ADS holders of record on that effective date will exchange every 30 existing ADSs they hold for one new ADS under the revised ratio.

How does Quhuo’s ADS ratio change affect existing ADS holders?

Existing ADS holders will exchange every 30 current ADSs for one new ADS, mirroring a one-for-30 reverse ADS split. Their proportional equity interest in Quhuo will not change, but the number of ADSs they hold and the per-ADS trading price are expected to adjust accordingly.

What happens to fractional ADS entitlements from Quhuo’s ADS ratio change?

No fractional ADSs will be issued. Any aggregate fractional entitlements created by the one-for-30 exchange will be sold, and the net cash proceeds, after fees, taxes, and expenses, will be distributed to the ADS holders entitled to those fractions.

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

Quhuo’s ADSs will continue to be quoted on the OTC Market under the symbol QHUOY. However, they will trade under a new CUSIP number, 74841Q407, once the ADS ratio change becomes effective on April 27, 2026.

How might Quhuo’s ADS trading price be affected by the 1-for-30 reverse ADS split?

Quhuo states that the ADS trading price is expected to increase proportionally after the ADS ratio change, consistent with a one-for-30 reverse split. However, the company gives no assurance that the post-change price will equal or exceed exactly 30 times the pre-change price.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE, DATED APRIL 24, 2026 8.4 KB