TuanChe Announces Plan to Implement ADS Ratio Change
BEIJING, Jan. 23, 2024 /PRNewswire/ — TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to Class A ordinary shares (the “ADS Ratio”) from the current ADS Ratio of one (1) ADS to sixteen (16) Class A ordinary shares to a new ADS Ratio of one (1) ADS to two hundred and forty (240) Class A ordinary shares. TuanChe’s ADSs will continue to be traded on the Nasdaq Stock Exchange under the symbol “TC.”
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