Yimutian outlines resale of up to 42.3M ADSs

The planned ratio change will require YMT ADS holders to exchange 10 existing ADSs for one new ADS on or around November 16, 2026, without changing ordinary shares.

Rhea-AI Filing Summary

Yimutian Inc.'s prospectus supplement relates to the resale, from time to time, of up to 42,307,692 ADSs, representing 1,057,692,300 Class A ordinary shares issuable upon conversion or otherwise under a senior convertible promissory note with up to US$10,000,000 aggregate principal amount. The ADS amount assumes full conversion and interest payments made in ADSs at US$0.26 per share, the Initial Note's current floor price.

Separately, Yimutian plans to change its ADS ratio from one ADS representing 6,000 Class A ordinary shares to one representing 60,000, effective on or around November 16, 2026. ADS holders will exchange 10 existing ADSs for one new ADS; no ordinary shares will be issued or cancelled. Fractional ADS entitlements will be aggregated and sold, with net proceeds distributed after applicable fees, taxes and expenses. The ADS trading price is expected to increase proportionately, although Yimutian gives no assurance it will equal or exceed 10 times the pre-change price.

Key Figures

ADSs covered for resale: Up to 42,307,692 ADSs Underlying Class A ordinary shares: 1,057,692,300 shares Senior convertible promissory note principal: Up to US$10,000,000 +5 more

8 metrics

ADSs covered for resale Up to 42,307,692 ADSs Resale from time to time

Underlying Class A ordinary shares 1,057,692,300 shares Represented by the ADSs covered for resale

Senior convertible promissory note principal Up to US$10,000,000 Aggregate principal amount

Current floor price US$0.26 per share Assumption for full conversion and interest payments in ADSs

Current ADS ratio 1 ADS represents 6,000 Class A ordinary shares Before the planned ADS Ratio Change

New ADS ratio 1 ADS represents 60,000 Class A ordinary shares Planned to take effect on or around November 16, 2026

ADS exchange ratio 10 existing ADSs for 1 new ADS Upon the Effective Date

ADS closing price US$0.49 per ADS October 26, 2026

Key Terms

American depositary shares, senior convertible promissory note, floor price, fractional entitlements

4 terms

American depositary shares financial

"American depositary shares (the “ADSs”)"

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.

senior convertible promissory note financial

"an aggregate principal amount of US$10,000,000 of senior convertible promissory note"

floor price financial

"the current floor price of the Initial Note"

The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.

fractional entitlements financial

"fractional entitlements to new ADSs will be aggregated and sold"

Fractional entitlements occur when a corporate action (like a dividend, stock split, rights offering or consolidation) would give a shareholder a non-whole share or security — for example, 0.5 of a share. Companies typically settle these fractions by paying a small cash amount or rounding up/down, and this matters to investors because it changes cash balances, can slightly alter ownership percentages, and may have small tax and record-keeping implications, much like receiving change after splitting a bill.

Stock Split

1-for-10 reverse split · Effective November 16, 2026

Split Ratio 1-for-10 reverse split

Effective Date November 16, 2026

FAQ

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

How many YMT ADSs are included in Yimutian's resale prospectus?

The resale prospectus relates to up to 42,307,692 ADSs, representing 1,057,692,300 Class A ordinary shares. The ADS amount assumes full conversion and interest payments made in ADSs at US$0.26 per share, the Initial Note's current floor price.

What ADS ratio change is YMT planning, and when?

Yimutian plans to change the ratio from one ADS representing 6,000 Class A ordinary shares to one ADS representing 60,000, effective on or around November 16, 2026. ADS holders will exchange every 10 existing ADSs for one new ADS, with the same effect as a 10-for-1 reverse split.

Who will arrange Yimutian's ADS exchange?

JPMorgan Chase Bank, N.A., the depositary bank for Yimutian's ADS program, will arrange the exchange. Yimutian's ADSs will continue trading on Nasdaq under ticker YMT.

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

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Available on EDGAR 10/27/2026 - 07:26 AM EDT Accepted by SEC EDGAR 10/27/2026 - 06:38 AM EDT Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)

Registration Statement No. 333-293952

Prospectus Supplement No. 9

(To Prospectus dated March 9, 2026)

Up to 42,307,692 American Depositary Shares Representing up to 1,057,692,300 Class A Ordinary Shares

Yimutian Inc.

This prospectus supplement is being filed to update and supplement the information contained in the prospectus dated March 9, 2026 (as supplemented or amended from time to time, the “Prospectus”), which forms a part of our Registration Statement on Form F-1 (Registration No. 333-293952), as amended and supplemented. The Prospectus relates to the resale, from time to time, up to 42,307,692 American depositary shares (the “ADSs”), representing 1,057,692,300 Class A ordinary shares, par value of US$0.00001 per share, of Yimutian Inc. (the “Company”) issuable upon the conversion or otherwise pursuant to the terms of up to an aggregate principal amount of US$10,000,000 of senior convertible promissory note (the “Notes”) issued or issuable to the selling shareholder named in the Prospectus (the “Selling Shareholder”), pursuant to the terms of that certain securities purchase agreement, dated as of December 8, 2025 (the “Securities Purchase Agreement”), by and between the Company and the Selling Shareholder, from time to time and upon the terms and conditions thereof (assuming full conversion of the Notes and interest payments made in ADSs at a price of US$0.26 per share, the current floor price of the Initial Note). Each ADS represents 6,000 Class A ordinary shares.

This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.

Our ADSs are listed on the Nasdaq Capital Market (“Nasdaq”) under the trading symbol “YMT”. On October 26, 2026, the closing price for our ADSs on Nasdaq was US$0.49 per ADS.

We may further amend or supplement the Prospectus and this prospectus supplement from time to time by filing amendments or supplements as required. You should read the entire Prospectus, this prospectus supplement and any amendments or supplements carefully before you make your investment decision.

Investing in our securities involves a high degree of risk. See “Risk Factors” beginning on page 28 of the Prospectus for a discussion of information that should be considered in connection with an investment in our securities.

Neither the U.S. Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or determined if this prospectus supplement or the Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is October 27, 2026.

Yimutian Inc. Announces Plan to Implement ADS Ratio Change

Yimutian Inc. (Nasdaq: YMT) (“Yimutian” or the “Company”) announced on October 26, 2026 that it plans to further change the ratio of its American depositary shares (“ADSs”) to its Class A ordinary shares, par value US$0.00001 per share, from the current ratio of one ADS representing 6,000 Class A ordinary shares to a new ratio of one ADS representing 60,000 Class A ordinary shares (the “ADS Ratio Change”), effective on or around November 16, 2026, U.S. Eastern time (“Effective Date”).

For the Company’s ADS holders, the ADS Ratio Change will have the same effect as a 10-for-1 reverse split. Upon the Effective Date, ADS holders will be required to surrender and exchange every 10 existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company’s ADS program, will arrange for the exchange. The Company’s ADSs will continue to be traded on the Nasdaq under the ticker symbol “YMT.”

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 Class A 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 ADS trading price is expected to increase proportionately upon the effectiveness of the ADS Ratio Change, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than 10 times the ADS trading price before the change.

The Company previously adjusted its ADS-to-Class-A-ordinary-share ratio on May 18, 2026 (from one ADS representing 25 to one ADS representing 375 Class A ordinary shares) and on August 27, 2026 (from one ADS representing 375 to one ADS representing 6,000 Class A ordinary shares). The ADS Ratio Change announced on October 26, 2026 is a further adjustment to the ADS-to-Class-A-ordinary-share ratio of the Company.