Fresh2 Group Limited Announces Plan to Implement ADS Ratio Change

June 24, 2024

https://www.globenewswire.com/news-release/2024/06/24/2903395/0/en/Fresh2-Group-Limited-Announces-Plan-to-Implement-ADS-Ratio-Change.html

New York, NY, June 24, 2024 (GLOBE NEWSWIRE) — Fresh2 Group Ltd. (NASDAQ:FRES) (“Fresh2” or “the Company”), a B2B e-commerce and supply chain management company within the restaurant and food industry, today announced that it plans to change the ratio of its American depositary shares (“ADSs”) to its Class A ordinary shares from one (1) ADS representing twenty (20) Class A ordinary shares to one (1) ADS representing two hundred (200) Class A ordinary shares (the “ADS Ratio Change”). The ADS Ratio Change is expected to become effective on or about July 10, 2024 (the “Effective Date”).

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