Quhuo Announces Plan to Implement ADS Ratio Change

BEIJING, April 24, 2026 /PRNewswire/ -- Quhuo Limited (OTC: QHUOY) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services, today announced that it will change the ratio of its American Depositary Shares ("ADSs") to Class A ordinary shares (the "ADS Ratio") from the current ADS Ratio of one ADS to nine hundred (900) Class A ordinary shares, par value US$0.0001 per share, of the Company (the "Class A Ordinary Shares"), to a new ADS Ratio of one ADS to twenty-seven thousand (27,000) Class A Ordinary Shares. The Company anticipates that the change in the ADS Ratio will be effective on April 27, 2026 (U.S. Eastern Time).