Yimutian Announces ADS Ratio Change and Facility Increase

Yimutian Inc. (NASDAQ: YMT) filed a Form 6-K reporting two significant corporate actions. First, the company plans to change its ADS-to-ordinary share ratio from 1:25 to 1:375, effectively implementing a 15-for-1 reverse ADS split effective around May 18, 2026. This change will require ADS holders to exchange every 15 existing ADSs for one new ADS, with no fractional ADSs issued. Second, Yimutian increased its registered ADS facility by 200 million additional ADSs through a Form F-6 filing, primarily to facilitate future acquisitions and strategic projects. The ADS ratio change is expected to proportionately increase the ADS trading price, though the company provides no assurance of this outcome. Both actions are part of the company's capital structure management as a leading agricultural digital service platform in China.