BEIJING, May 10, 2022
/PRNewswire/ -- Leju Holdings Limited ("Leju" or the
"Company") (NYSE: LEJU), a leading e-commerce and online media
platform for real estate and home furnishing industries in
China, today announced that it
will change its American depositary share ("ADS") to ordinary share
("Share") ratio from one (1) ADS representing one (1) Share to one (1) ADS representing ten (10)
Shares. The Company has filed a post-effective amendment to its ADS
Registration Statement on Form F-6 (the "Form F-6") with the
Securities and Exchange Commission (the "SEC") to reflect the
change in the ADS ratio. The Company anticipates that the change in
the ADS ratio will be effective on May 20, 2022,
subject to the effectiveness of the post-effective amendment to the
ADS Registration Statement on Form F-6 on or before that date.
For Leju's ADS holders, the change in the ADS ratio will have
the same effect as a one-for-ten reverse ADS split. Each ADS holder
of record at the close of business on the date when the change in
ADS ratio is effective will be required to surrender and exchange
every ten (10) existing ADSs then held for one (1) new ADS.
JPMorgan Chase Bank, N.A., as the depositary bank for Leju's ADS
program, will arrange for the exchange of the current ADSs for the
new ones.
The ADS ratio change will have no impact on Leju's underlying
Shares. Furthermore, no action by ADS holders is required to effect
the ratio change.
About Leju
Leju Holdings Limited ("Leju") (NYSE:
LEJU) is a leading e-commerce and online media platform for
real estate and home furnishing industries in China, offering real estate e-commerce, online
advertising and online listing services. Leju's integrated online platform comprises
various mobile applications along with local websites covering more
than 380 cities, enhanced by complementary offline services to
facilitate residential property transactions. In addition to the
Company's own websites, Leju
operates the real estate and home furnishing websites of SINA
Corporation, and maintains a strategic partnership with
Tencent Holdings Limited. For more
information about Leju, please visit http://ir.leju.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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," "target,"
"going forward," "outlook" and similar statements. Leju may also
make written or oral forward-looking statements in its reports
filed or furnished with 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 statements about Leju's beliefs
and expectations, are forward-looking statements that involve
inherent risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contained, either expressly or impliedly, in any of the
forward-looking statements. Such factors include, but are not
limited to, fluctuations in China's real estate market; the highly
regulated nature of, and government measures affecting, the real
estate and internet industries in China; Leju's ability to compete successfully
against current and future competitors; its ability to continue to
develop and expand its content, service offerings and features, and
to develop or incorporate the technologies that support them; its
reliance on SINA and others with which it has developed, or may
develop in the future, strategic partnerships; substantial revenue
contribution from a limited number of real estate markets; and
relevant government policies and regulations relating to the
corporate structure, business and industry of Leju. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is current as of the date of the press release,
and the Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For investor and media inquiries please contact:
Ms. Christina Wu
Leju Holdings Limited
Phone: +86 (10) 5895-1062
E-mail: ir@leju.com
Philip Lisio
The Foote Group
Phone: +86 135-0116-6560
E-mail: phil@thefootegroup.com
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SOURCE Leju Holdings Limited
