Lixiang Education to implement ADS ratio change on April 20

Lixiang Education Holding Co., Ltd. (NASDAQ: LXEH) announced it will implement a change to its American depositary shares ratio on April 20, 2026. The China-based private education service provider will adjust the ratio from one ADS representing 100 ordinary shares to one ADS representing 1,000 ordinary shares.

The change will function as a one-for-ten reverse ADS split for shareholders. ADS holders in the Direct Registration System and The Depository Trust Company will have their shares automatically exchanged without required action. Every ten existing ADSs will be converted to one new ADS, with the previous ADSs cancelled and new ones issued by the depositary bank.

The company stated that no fractional ADSs will be issued. Instead, fractional entitlements will be aggregated and sold by the depositary bank, with net cash proceeds distributed to applicable ADS holders after deducting fees, taxes and expenses.

Trading will continue on the Nasdaq Global Market under the symbol "LXEH." The ratio change will not affect the company's underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the adjustment.

Lixiang Education operates as a private education service provider in Zhejiang Province, China, based in Lishui City. The information was provided in a company press release.

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