Yunji, Inc. Sponsored ADR Class A (YJ.US) adjusts ADS ratio effective September 13th.

Yunji, Inc. Sponsored ADR Class A (YJ.US) announced on Tuesday that the company plans to adjust the exchange ratio between its American Depositary Shares (ADS) and Class A common stock. Currently, 1 ADS corresponds to 100 shares of Class A common stock, but the company plans to adjust this ratio to 1 ADS corresponding to 400 shares of Class A common stock. This change is expected to take effect around September 13. For holders of Yunji, Inc. Sponsored ADR Class A ADS, this ratio adjustment will have the same effect as a reverse ADS split of one to four. As of the time of writing, Yunji, Inc. Sponsored ADR Class A stock fell more than 6% in early trading, trading at $0.4201.