STOCK TITAN

Yimutian plans ADS change akin to 10-for-1 reverse split

The exchange changes the number of underlying Class A ordinary shares represented by each ADS, while leaving ordinary shares unchanged.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

Yimutian Inc. plans to change its American depositary share (ADS) ratio from 1 ADS representing 6,000 Class A ordinary shares to 1 ADS representing 60,000 shares, effective on or around November 16, 2026. ADS holders will exchange every 10 existing ADSs for 1 new ADS, with JPMorgan Chase Bank, N.A., the depositary bank, arranging the exchange.

The change has the same effect for ADS holders as a 10-for-1 reverse split, but will not affect underlying Class A ordinary shares, and no ordinary shares will be issued or cancelled. Fractional new ADS entitlements will be aggregated and sold; the depositary bank will distribute net cash proceeds after applicable fees, taxes and expenses. Yimutian expects the ADS trading price to increase proportionately upon effectiveness, but gives no assurance it will equal or exceed 10 times the prior price.

Filing Explained

The release also reports two earlier ADS-ratio changes, on May 18 and August 27, 2026, and describes the planned November change as a further adjustment.

Current ADS ratio 1 ADS represents 6,000 Class A ordinary shares Current ratio before the planned change
New ADS ratio 1 ADS represents 60,000 Class A ordinary shares Planned ratio
ADS exchange ratio 10 existing ADSs for 1 new ADS Exchange for ADS holders
Planned effective date On or around November 16, 2026 U.S. Eastern time
American depositary shares technical
"ratio of its American depositary shares (“ADSs”) to its 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.
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.
depositary bank technical
"as the depositary bank for the Company’s ADS program"
A depositary bank is a financial institution that holds and safeguards a company's or investor’s securities, such as stocks or bonds, in a secure account. It acts like a digital safe, ensuring that ownership records are accurate and that transactions are processed smoothly. For investors, it provides confidence that their investments are protected and correctly recorded, making buying, selling, or transferring securities reliable and efficient.
forward-looking statements regulatory
"This press release contains forward-looking statements"
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.

FAQ

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

What will YMT's new ADS ratio be?

Each new ADS will represent 60,000 Class A ordinary shares, compared with the current ratio of 1 ADS representing 6,000 Class A ordinary shares. ADS holders will exchange every 10 existing ADSs for 1 new ADS.

When will YMT change its ADS ratio?

The change is planned to take effect on or around November 16, 2026, U.S. Eastern time. JPMorgan Chase Bank, N.A., as depositary bank for the ADS program, will arrange the exchange.

What happens to fractional ADS entitlements in YMT's ratio change?

No fractional new ADSs will be issued. The depositary bank will aggregate and sell fractional entitlements, then distribute the net cash proceeds to applicable ADS holders after deduction of fees, taxes and expenses, where applicable.

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

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

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 October 2026

 

Commission File Number: 001-42760

 

 

 

Yimutian Inc.

(Registrant’s Name)

 

 

 

6/F, Building B-6, Block A Zhongguancun
Dongsheng Technology Campus No. 66
Xixiaokou Road
Haidian District, Beijing 100192
The People’s Republic of China

(Address of Principal Executive Offices)

 

 

 

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

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release — Yimutian Inc. Announces Plan to Implement ADS Ratio Change

 

 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, thereunto duly authorized.

 

  Yimutian Inc.
     
  By /s/ Shijie Chen
  Name:  Shijie Chen
  Title: Director and Chief Financial Officer

 

Date: October 27, 2026

 

 2 

 

Exhibit 99.1

 

Yimutian Inc. Announces Plan to Implement ADS Ratio Change

 

BEIJING, October 26, 2026 – Yimutian Inc. (Nasdaq: YMT) (“Yimutian” or the “Company”), a leading agricultural digital service company in China, today announced 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 today is a further adjustment to the ADS-to-Class-A-ordinary-share ratio of the Company.

 

About Yimutian Inc.

 

Yimutian Inc., founded in 2011 and headquartered in Beijing, is a leading digital service provider covering China’s entire agricultural value chain. Leveraging AI, big data and other digital technologies, the company provides services across every key stage of the agricultural ecosystem—from production and distribution to consumption—and has built an AI-powered agricultural service platform connecting farms to tables and origins to cities.

 

For more information, please visit https://ir.ymt.com/.

 

Forward-Looking Statements

 

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, these forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

 

For investor inquiries, please contact:

 

Email: ir@ymt360.com
Phone: +86 1057086561

 

For media inquiries, please contact:

 

Email: pr@ymt360.com

 

Filing Exhibits & Attachments

1 document

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