VisionSys AI Inc ("VSA" or the "Company") (NASDAQ:VSA), an emerging technology services company, specializing in brain-machine interaction businesses, today announced that it plans to change the ratio of its American depositary shares ("ADSs") from one (1) ADS representing two hundred fifty (250) Class A ordinary shares to one (1) ADS representing two thousand five hundred (2500) Class A ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about May 26, 2026 (the "Effective Date").
For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-ten (1-10) reverse ADS split. On the Effective Date, holders of ADSs in The Depository Trust Company and Direct Registration System will have their ADSs automatically exchanged and need not take any action. The exchange of every ten then-held (existing) ADSs for one (1) new ADS will occur automatically at the Effective Date, with the then-held ADSs being cancelled and new ADSs being issued by the depositary bank.
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) will be distributed to the applicable ADS holders by the depositary bank.
There will be no change to the Company's Class A ordinary shares. As of the Effective Date, VSA's ADSs will continue to be traded on the Nasdaq Capital Market under the symbol "VSA".
As a result of the ADS Ratio Change, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the ADS Ratio Change will be equal to or greater than the ADS price on a proportionate basis.
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