Aurora Mobile Announces Change to American Depositary Share Ratio
06 Dezember 2023 - 10:00AM
Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the
“Company”), a leading provider of customer engagement and marketing
technology services in China, today announced that it will change
the effective date of its change to the ratio of its American
depositary shares (“ADSs”). On November 30, 2023, Aurora Mobile
announced that it intended to change the ratio of its ADSs to its
Class A common shares (the “ADS Ratio Change”), par value US$0.0001
per share, from three (3) ADS representing two (2) Class A common
shares to three (3) ADS representing forty (40) Class A common
shares effective on or about December 6, 2023. Aurora Mobile will
change the ratio of its ADSs effective December 11, 2023, U.S.
Eastern Time (the “Effective Date”).
The ADS Ratio Change will have the same effect
as a one-for-twenty reverse ADS split for Aurora Mobile’s ADS
holders. The ADS Ratio Change will have no impact on Aurora
Mobile’s underlying Class A common shares, and no Class A common
shares will be issued or cancelled in connection with the ADS Ratio
Change. On the Effective Date, holders of the ADSs will be required
to surrender and exchange every twenty (20) ADSs then held for
one (1) new ADS. The Bank of New York Mellon, as the
depositary bank for the Company’s ADS program, will arrange for the
exchange. Aurora Mobile’s ADSs will continue to be traded on the
Nasdaq Capital Market under the ticker symbol “JG.”
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.
As a result of the ADS Ratio Change, the ADS
trading price is expected to increase proportionally, although the
Company can give no assurance that the ADS trading price after the
ADS Ratio Change will be equal to or greater than twenty times the
ADS trading price before the change.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile (NASDAQ: JG) is a
leading provider of customer engagement and marketing technology
services in China. Since its inception, Aurora Mobile has focused
on providing stable and efficient messaging services to enterprises
and has grown to be a leading mobile messaging service provider
with its first-mover advantage. With the increasing demand for
customer reach and marketing growth, Aurora Mobile has developed
forward-looking solutions such as Cloud Messaging and Cloud
Marketing to help enterprises achieve omnichannel customer reach
and interaction, as well as artificial intelligence and big
data-driven marketing technology solutions to help enterprises'
digital transformation.
For more information, please
visit https://ir.jiguang.cn/.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates, ” “future,”
“intends,” “plans,” “believes,” “estimates,” “confident” and
similar statements. Among other things, the Business Outlook and
quotations from management in this announcement, as well as Aurora
Mobile’s strategic and operational plans, contain forward-looking
statements. Aurora Mobile may also make written or oral
forward-looking statements in its reports to the U.S. Securities
and Exchange Commission, in its annual report to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including but not limited
to statements about Aurora Mobile’s beliefs 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, including but not limited to the
following: Aurora Mobile’s strategies; Aurora Mobile’s future
business development, financial condition and results of
operations; Aurora Mobile’s ability to attract and retain
customers; its ability to develop and effectively market data
solutions, and penetrate the existing market for developer
services; its ability to transition to the new advertising-driven
SAAS business model; its ability to maintain or enhance its brand;
the competition with current or future competitors; its ability to
continue to gain access to mobile data in the future; the laws and
regulations relating to data privacy and protection; general
economic and business conditions globally and in China and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the
Company’s filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and Aurora Mobile
undertakes no duty to update such information, except as required
under applicable law.
For more information, please
contact:
Aurora Mobile LimitedE-mail: ir@jiguang.cn
Christensen
In ChinaMr. Eric YuanPhone: +86-10-5900-1548E-mail:
eric.yuan@christensencomms.com
In U.S.Ms. Linda BergkampPhone:
+1-480-614-3004Email: linda.bergkamp@christensencomms.com
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