Quhuo Limited has called an extraordinary general meeting on July 6, 2026 to overhaul its share capital structure around the planned termination of its ADR program and direct listing of Class A ordinary shares on Nasdaq. Shareholders are asked first to revoke four capital-related resolutions approved on March 11, 2026 so they can be replaced with updated proposals that reflect a post‑redesignation capital structure.
The new proposals include a 32,000‑to‑1 share consolidation across all share classes, an increase in authorized share capital to 1.2 billion shares at a par value of US$3.20, a subsequent capital reduction to a total par value of US$120,000 with shares at US$0.0001 par, and authorization for additional share consolidations of up to 1,000‑to‑1 within five years at the Board’s discretion. The Board unanimously recommends voting in favor of each proposal.
Quhuo Limited outlines its status with Nasdaq after a prior trading suspension of its American Depositary Shares (“ADSs”). Trading was suspended after the ADSs closed at or below $0.10 for ten consecutive trading days. The company implemented a 1-for-30 reverse stock split on its ADSs on April 27, 2026. As of May 13, 2026, after the split, the ADS closing bid price exceeded $1.00 for 13 straight trading days, bringing Quhuo back into compliance with Nasdaq’s bid price rule.
A Nasdaq Hearings Panel granted Quhuo’s request for continued listing, subject to conditions, including an application to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, which was filed on May 22, 2026. Trading in the ADSs may resume after the company satisfies the panel’s conditions and submits a reinstatement form. Quhuo will be under a one-year discretionary panel monitor until May 13, 2027; any failure to meet Nasdaq listing standards during this period would trigger immediate delisting proceedings without any further cure period.