📣 What Is Changing? The ADS Ratio Change

Yimutian Inc. (YMT) announced a plan to change the ratio of its American Depositary Shares (ADSs) to its underlying Class A ordinary shares. This financial maneuver is known as the "ADS Ratio Change."

Simply put, the company is adjusting how many shares are represented by one ADS. The old ratio was 1 ADS representing 25 Class A ordinary shares. The new ratio will be 1 ADS representing 375 Class A ordinary shares.

This change is structured to have the effect of a 15-for-1 reverse split for ADS holders. 👉 Starting around May 18, 2026, every 15 existing ADSs will exchange for one new ADS.

🏢 Yimutian's Business Background

👉 In simple terms, Yimutian is a major agricultural B2B platform operating in mainland China. They specialize in digitizing the entire supply chain for agricultural products.

Over more than a decade, they have worked to make the process of buying and selling farm goods more efficient, secure, and transparent for businesses. This digital platform helps connect farmers, processors, and retailers across China.

⚙️ How The Mechanics Work

This process is handled by the depositary bank, JPMorgan Chase Bank, N.A. The exchange will occur on or around May 18, 2026.

The critical part is understanding that this ADS ratio change does not impact the company’s fundamental operations or the underlying Class A ordinary shares. No ordinary shares are being issued or canceled because of this ratio change.

Instead, the conversion is purely an adjustment to the ADS structure that allows the shares to trade differently on the Nasdaq.

💰 Why This Matters to Investors

For investors, a reverse split (like the 15-for-1 split described here) generally changes the share quantity but is intended to increase the per-share price.

The company expects that the ADS trading price should increase proportionally after the change. While the company can’t guarantee the price will be exactly 15 times higher, this adjustment is usually designed to make the stock more appealing to large institutional investors.

👉 The ticker symbol, YMT, will continue to trade on Nasdaq, making the change visible to the market.

💡 The Financial Signal

This action signals an attempt to stabilize or enhance the market perception of the stock's value. By executing a controlled reverse split, YMT is aiming to move its shares into a different price range that may be viewed more favorably by global institutional investors.

This is a typical move to increase liquidity and reduce the perception of extreme volatility or low market value.

🧩 Final Takeaway

Yimutian Inc. is executing an ADS ratio change, effectively a 15-for-1 reverse split, on or around May 18, 2026. This move adjusts the share structure to enhance market appeal, but does not change the core business or the fundamental value of the underlying company.

🧠 The Analogy

Think of it like moving a very large, sprawling cake into a series of smaller, more artfully portioned boxes. The cake itself (the company’s value) hasn't changed, but by repackaging it (the ADS ratio), the store display (the market perception) looks more stable, premium, and ready for a different kind of buyer.

BEIJING, April 29, 2026 (GLOBE NEWSWIRE) -- Yimutian Inc. (NASDAQ: YMT) (“Yimutian” or the “Company”), a leading agricultural digital service company in China, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio Change”) from the current ratio of one ADS representing 25 Class A ordinary shares to 375 Class A ordinary shares, effective on or around May 18, 2026, U.S. Eastern time (the “Effective Date”). For the Company’s ADS holders, the ADS Ratio Change will have the same effect as a 15-for-1 reverse split. Upon the Effective Date, ADS holders will be required to surrender and exchange every 15 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 15 times the ADS trading price before the change. About Yimutian Inc. Yimutian Inc, is a leading agricultural B2B platform in mainland China. Over a decade, the company has been dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process, and making it efficient, transparent, secure, and convenient. 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. Investor & Media Contacts