Weidai Announces ADS Ratio Change

Provided By PR Newswire

Last update: Jan 13, 2022

HANGZHOU, China, Jan. 13, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it will change the ratio of its American depositary shares ("ADSs") representing its Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing three (3) Class A ordinary shares.