Existing ADS-to-Share Ratio Sample Clauses

The 'Existing ADS-to-Share Ratio' clause defines the current conversion rate between American Depositary Shares (ADSs) and the underlying ordinary shares of a company. This clause specifies how many ordinary shares are represented by each ADS, which is crucial for investors and parties involved in cross-border securities transactions. By clearly stating the ratio, the clause ensures transparency and consistency in the calculation of entitlements, dividends, and voting rights, thereby preventing misunderstandings and disputes regarding the relationship between ADSs and the underlying shares.