STOCK TITAN

Yimutian Inc. (Nasdaq: YMT) plans 16-for-1 ADS ratio change

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Yimutian Inc. plans to change the ratio of its American depositary shares to Class A ordinary shares from one ADS representing 375 Class A ordinary shares to one ADS representing 6,000 Class A ordinary shares, effective on or around August 27, 2026 U.S. Eastern time. For ADS holders this functions as a 16-for-1 reverse split: every 16 existing ADSs must be surrendered for one new ADS, arranged by JPMorgan Chase Bank, N.A. No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds (after fees, taxes, and expenses) distributed to ADS holders.

The Company states that the ADS trading price is expected to increase proportionately after the change, though it gives no assurance of the exact multiple. The ADS Ratio Change does not affect the underlying Class A ordinary shares, and no ordinary shares will be issued or cancelled. Yimutian’s ADSs will continue trading on Nasdaq under the ticker "YMT." The Company previously adjusted its ADS ratio on May 18, 2026 from one ADS representing 25 Class A ordinary shares to one ADS representing 375 Class A ordinary shares.

Positive

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Negative

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New ADS ratio 1 ADS = 6,000 Class A ordinary shares ADS Ratio Change effective on or around August 27, 2026
Current ADS ratio 1 ADS = 375 Class A ordinary shares Ratio before the announced ADS Ratio Change
Reverse split effect 16 existing ADSs = 1 new ADS Equivalent effect for ADS holders upon the Effective Date
Effective Date On or around August 27, 2026 Expected effectiveness of the ADS Ratio Change, U.S. Eastern time
Prior ADS ratio change 1 ADS = 25 to 1 ADS = 375 shares Change implemented on May 18, 2026
American depositary shares financial
"the 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.
ADS Ratio Change financial
"to a new ratio of one ADS representing 6,000 Class A ordinary shares (the “ADS Ratio Change”)"
An ads ratio change is an adjustment to how many American Depositary Shares (ADS) represent one unit of a foreign company’s ordinary shares — like changing whether a cake is cut into 2 or 10 slices. Investors care because it alters the number of tradable ADS, the implied price per ADS and an investor’s ownership stake, which can affect liquidity, perceived value and comparisons of holdings across markets.
fractional ADSs financial
"No fractional new ADSs will be issued in connection with the ADS Ratio Change."
Fractional ADSs are portions of shares in a foreign company that are traded on a stock exchange through American Depositary Shares (ADSs). Instead of buying a full share, investors can purchase smaller parts, making it easier and more affordable to invest in companies from other countries. This allows more people to participate in international markets and diversify their investment portfolios.
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.
safe harbor regulatory
"These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

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

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FAQ

What ADS ratio change did Yimutian Inc. (YMT) announce?

Yimutian Inc. plans to change its ADS ratio from 1 ADS = 375 Class A shares to 1 ADS = 6,000 Class A shares, effectively a 16-for-1 reverse split for ADS holders, subject to the outlined implementation process.

When will Yimutian (YMT) implement the new ADS ratio?

The new ADS ratio is expected to become effective on or around August 27, 2026, U.S. Eastern time. On the Effective Date, holders must exchange every 16 existing ADSs for one new ADS through the depositary bank.

How does the ADS ratio change affect Yimutian’s (YMT) ordinary shares?

The ADS Ratio Change has no impact on Yimutian’s underlying Class A ordinary shares. No ordinary shares will be issued or cancelled; only the proportion of shares represented by each ADS will change.

What happens to fractional ADSs after Yimutian’s (YMT) ratio change?

No fractional new ADSs will be issued. Fractional entitlements will be aggregated and sold by the depositary bank, and net cash proceeds after fees, taxes, and expenses will be distributed to the relevant ADS holders.

Will Yimutian’s (YMT) Nasdaq ticker or listing change after the ADS ratio change?

Yimutian’s ADSs will continue trading on Nasdaq under the ticker "YMT". Only the ADS-to-Class-A-share ratio is changing; the listing venue and symbol remain the same.

Has Yimutian (YMT) changed its ADS ratio before this 2026 adjustment?

Yes. On May 18, 2026, Yimutian changed its ADS ratio from one ADS representing 25 Class A ordinary shares to one ADS representing 375 Class A ordinary shares. The newly announced change is a further adjustment.

 

 

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 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   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: August 7, 2026

 

2

 

Exhibit 99.1

 

Yimutian Inc. Announces Plan to Implement ADS Ratio Change

 

BEIJING, August 6, 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 375 Class A ordinary shares to a new ratio of one ADS representing 6,000 Class A ordinary shares (the “ADS Ratio Change”), effective on or around August 27, 2026, U.S. Eastern time (“Effective Date”).

 

For the Company’s ADS holders, the ADS Ratio Change will have the same effect as a 16-for-1 reverse split. Upon the Effective Date, ADS holders will be required to surrender and exchange every 16 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 16 times the ADS trading price before the change.

 

The Company previously effected a change in the ratio of its ADS to Class A ordinary shares on May 18, 2026, changing the ratio from one ADS representing 25 Class A ordinary shares to one ADS representing 375 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