{"success":true,"data":{"pressRelease":{"id":"162482","rtpr_id":"nPn1gnn7qa-20261006","ticker":"AMTD","exchange":"NYSE","all_tickers":["AMTD","AMTI"],"title":"AMTD IDEA Group Announces ADS Ratio Change","author":"PR Newswire","published_at":"2026-10-06T20:30:00.835Z","article_body":"AMTD IDEA Group Announces ADS Ratio Change\nPR Newswire\n\nPARIS and NEW YORK and SINGAPORE, Oct. 6, 2026\n\nPARIS and NEW YORK and SINGAPORE, Oct. 6, 2026 /PRNewswire/ -- AMTD IDEA Group\n(NYSE: AMTD; SGX: HKB) (\"AMTD IDEA\" or the \"Company\"), today announced that it\nwill change the ratio of its American depositary shares (\"ADSs\") to its Class\nA ordinary shares (the \"ADS Ratio Change\"), par value US$0.0001 per share,\nfrom one (1) ADS representing six (6) Class A ordinary shares to one (1) ADS\nrepresenting 360 Class A ordinary shares, effective on or about October 19,\n2026, U.S. Eastern Time (the \"Effective Date\").\n\nOn July 8, 2026, the Company received a notice (the \"Notice\") from the New\nYork Stock Exchange (the \"NYSE\") indicating that the Company was not in\ncompliance with Section 802.01C of the NYSE Listed Company Manual because, as\nof July 7, 2026, the average closing price of the Company's ADSs was less than\nUS$1.00 over a consecutive 30 trading-day period. The Notice has no immediate\neffect on the listing of the Company's ADSs on the NYSE, subject to the\nCompany's continued compliance with the NYSE's other continued listing\nrequirements. The Notice is not expected to affect the Company's business\noperations or its reporting obligations with the U.S. Securities and Exchange\nCommission.\n\nThe Company believes that the ADS Ratio Change will facilitate the Company in\nregaining compliance with the applicable NYSE continued listing standards. The\nADS Ratio Change will not affect the Company's underlying business operations,\nfinancial condition, assets, liabilities or shareholders' equity.\n\nThe Company remains confident in its long-term strategy, business fundamentals\nand growth prospects. Underscoring this confidence and its ongoing commitment\nto enhancing long-term shareholder value, the Company continues to actively\nexecute its share repurchase programs as previously announced. As of October\n7, 2026, the Company has repurchased 4,417,036 ADSs under the existing\nrepurchase programs.\n\nFor the Company's ADS holders, the ADS Ratio Change will have the same effect\nas a one-for-60 reverse ADS split. On the Effective Date, ADS holders will be\nrequired to surrender and exchange every 60 ADSs then held for one (1) new\nADS. The Bank of New York Mellon, as the depositary bank for the Company's ADS\nprogram, will arrange for the exchange. The Company's ADSs will continue to be\ntraded on the New York Stock Exchange under the ticker symbol \"AMTD\" with a\nnew CUSIP.\n\nNo fractional new ADSs will be issued in connection with the ADS Ratio Change.\nInstead, fractional entitlements to new ADSs will be aggregated and sold by\nthe depositary bank and the net cash proceeds from the sale of the fractional\nADS entitlements (after deduction of fees, taxes and expenses, where\napplicable) will be distributed to the applicable ADS holders by the\ndepositary bank. The ADS Ratio Change will have no impact on the Company's\nunderlying Class A ordinary shares, and no ordinary shares will be issued or\ncanceled in connection with the ADS Ratio Change.\n\nAbout AMTD IDEA Group\n\nAMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution\nand digital solutions conglomerate group, connecting companies and investors\nwith global markets. Its comprehensive one-stop business services plus digital\nsolutions platform addresses different clients' diverse and inter-connected\nbusiness needs and digital requirements across all phases of their life\ncycles. AMTD IDEA Group is uniquely positioned as an active super connector\nbetween clients, business partners, investee companies, and investors,\nconnecting the East and the West. For more information, please visit\nwww.amtdinc.com (https://www.amtdinc.com/)  or follow us on X (formerly known\nas \"Twitter\") at @AMTDGroup.\n\nSafe Harbor Statement\n\nThis press release contains statements that may constitute \"forward-looking\"\nstatements pursuant to the \"safe harbor\" provisions of the U.S. Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements can\nbe identified by terminology such as \"will,\" \"expects,\" \"anticipates,\" \"aims,\"\n\"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates,\" \"likely to,\" and\nsimilar statements. Statements that are not historical facts, including\nstatements about the beliefs, plans, and expectations of AMTD IDEA Group are\nforward-looking statements. Forward-looking statements involve inherent risks\nand uncertainties. Further information regarding these and other risks is\nincluded in the filings of AMTD IDEA Group with the SEC. All information\nprovided in this press release is as of the date of this press release, and\nAMTD IDEA Group does not undertake any obligation to update any\nforward-looking statement, except as required under applicable law.\n\nView original\ncontent:https://www.prnewswire.com/news-releases/amtd-idea-group-announces-ads-ratio-change-302900177.html\n(https://www.prnewswire.com/news-releases/amtd-idea-group-announces-ads-ratio-change-302900177.html)\n\nSOURCE AMTD IDEA Group\n\n\n\nFor more information, please contact: IR Office, AMTD IDEA Group, EMAIL: ir@amtdinc.com\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1gnn7qa-20261006","title":"AMTD IDEA Group Announces ADS Ratio Change","author":"PR Newswire","ticker":"AMTD","created":"2026-10-06T20:30:00.835Z","tickers":["AMTD","AMTI"],"exchange":"NYSE","article_body":"AMTD IDEA Group Announces ADS Ratio Change\nPR Newswire\n\nPARIS and NEW YORK and SINGAPORE, Oct. 6, 2026\n\nPARIS and NEW YORK and SINGAPORE, Oct. 6, 2026 /PRNewswire/ -- AMTD IDEA Group\n(NYSE: AMTD; SGX: HKB) (\"AMTD IDEA\" or the \"Company\"), today announced that it\nwill change the ratio of its American depositary shares (\"ADSs\") to its Class\nA ordinary shares (the \"ADS Ratio Change\"), par value US$0.0001 per share,\nfrom one (1) ADS representing six (6) Class A ordinary shares to one (1) ADS\nrepresenting 360 Class A ordinary shares, effective on or about October 19,\n2026, U.S. Eastern Time (the \"Effective Date\").\n\nOn July 8, 2026, the Company received a notice (the \"Notice\") from the New\nYork Stock Exchange (the \"NYSE\") indicating that the Company was not in\ncompliance with Section 802.01C of the NYSE Listed Company Manual because, as\nof July 7, 2026, the average closing price of the Company's ADSs was less than\nUS$1.00 over a consecutive 30 trading-day period. The Notice has no immediate\neffect on the listing of the Company's ADSs on the NYSE, subject to the\nCompany's continued compliance with the NYSE's other continued listing\nrequirements. The Notice is not expected to affect the Company's business\noperations or its reporting obligations with the U.S. Securities and Exchange\nCommission.\n\nThe Company believes that the ADS Ratio Change will facilitate the Company in\nregaining compliance with the applicable NYSE continued listing standards. The\nADS Ratio Change will not affect the Company's underlying business operations,\nfinancial condition, assets, liabilities or shareholders' equity.\n\nThe Company remains confident in its long-term strategy, business fundamentals\nand growth prospects. Underscoring this confidence and its ongoing commitment\nto enhancing long-term shareholder value, the Company continues to actively\nexecute its share repurchase programs as previously announced. As of October\n7, 2026, the Company has repurchased 4,417,036 ADSs under the existing\nrepurchase programs.\n\nFor the Company's ADS holders, the ADS Ratio Change will have the same effect\nas a one-for-60 reverse ADS split. On the Effective Date, ADS holders will be\nrequired to surrender and exchange every 60 ADSs then held for one (1) new\nADS. The Bank of New York Mellon, as the depositary bank for the Company's ADS\nprogram, will arrange for the exchange. The Company's ADSs will continue to be\ntraded on the New York Stock Exchange under the ticker symbol \"AMTD\" with a\nnew CUSIP.\n\nNo fractional new ADSs will be issued in connection with the ADS Ratio Change.\nInstead, fractional entitlements to new ADSs will be aggregated and sold by\nthe depositary bank and the net cash proceeds from the sale of the fractional\nADS entitlements (after deduction of fees, taxes and expenses, where\napplicable) will be distributed to the applicable ADS holders by the\ndepositary bank. The ADS Ratio Change will have no impact on the Company's\nunderlying Class A ordinary shares, and no ordinary shares will be issued or\ncanceled in connection with the ADS Ratio Change.\n\nAbout AMTD IDEA Group\n\nAMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution\nand digital solutions conglomerate group, connecting companies and investors\nwith global markets. Its comprehensive one-stop business services plus digital\nsolutions platform addresses different clients' diverse and inter-connected\nbusiness needs and digital requirements across all phases of their life\ncycles. AMTD IDEA Group is uniquely positioned as an active super connector\nbetween clients, business partners, investee companies, and investors,\nconnecting the East and the West. For more information, please visit\nwww.amtdinc.com (https://www.amtdinc.com/)  or follow us on X (formerly known\nas \"Twitter\") at @AMTDGroup.\n\nSafe Harbor Statement\n\nThis press release contains statements that may constitute \"forward-looking\"\nstatements pursuant to the \"safe harbor\" provisions of the U.S. Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements can\nbe identified by terminology such as \"will,\" \"expects,\" \"anticipates,\" \"aims,\"\n\"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates,\" \"likely to,\" and\nsimilar statements. Statements that are not historical facts, including\nstatements about the beliefs, plans, and expectations of AMTD IDEA Group are\nforward-looking statements. Forward-looking statements involve inherent risks\nand uncertainties. Further information regarding these and other risks is\nincluded in the filings of AMTD IDEA Group with the SEC. All information\nprovided in this press release is as of the date of this press release, and\nAMTD IDEA Group does not undertake any obligation to update any\nforward-looking statement, except as required under applicable law.\n\nView original\ncontent:https://www.prnewswire.com/news-releases/amtd-idea-group-announces-ads-ratio-change-302900177.html\n(https://www.prnewswire.com/news-releases/amtd-idea-group-announces-ads-ratio-change-302900177.html)\n\nSOURCE AMTD IDEA Group\n\n\n\nFor more information, please contact: IR Office, AMTD IDEA Group, EMAIL: ir@amtdinc.com\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-06T20:30:00.890906332Z","server_sent_at_ms":1791318600890},"received_at":"2026-10-06T20:30:00.943Z","source_url":"https://www.prnewswire.com/news-releases/amtd-idea-group-announces-ads-ratio-change-302900177.html"},"analysis":{"id":"150970","press_release_id":"162482","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":["ADS ratio change equivalent to a 1-for-60 reverse split, driven by NYSE Section 802.01C non-compliance notice for sub-$1.00 ADS price","persistent trading below $1.00 signals continued listing risk if the ratio change fails to lift the price"],"eventType":"reverse_split","narrative":"AMTD IDEA Group will change its ADS ratio from one ADS per six Class A ordinary shares to one ADS per 360 shares, effective on or about October 19, 2026 — the same effect as a one-for-60 reverse ADS split.\n\nThe move follows a July 8 NYSE notice that the company fell out of compliance with continued listing standards after its ADSs averaged below $1.00 over 30 consecutive trading days; the company says the ratio change should help regain compliance.\n\nBNY Mellon will handle the exchange under a new CUSIP, and no fractional new ADSs will be issued. The company also disclosed it has repurchased 4,417,036 ADSs under existing buyback programs as of October 7, 2026.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Extreme 1:60 reverse ADS split to cure a sub-$1 NYSE delisting warning — treat as a listing-compliance red flag for AMTD."},"keyFigures":{"customDimensions":{"new_ads_ratio":"1 ADS : 360 Class A ordinary shares","effective_date":"on or about October 19, 2026","ads_repurchased":4417036,"prior_ads_ratio":"1 ADS : 6 Class A ordinary shares","reverse_split_ratio":"1:60"}},"quotedText":"The Company believes that the ADS Ratio Change will facilitate the Company in regaining compliance with the applicable NYSE continued listing standards.","namedEntities":{"people":[],"products":[],"companies":[{"name":"AMTD IDEA Group","ticker":"AMTD","relationship":"filer"},{"name":"The Bank of New York Mellon","relationship":"ADS depositary bank"},{"name":"New York Stock Exchange","relationship":"listing exchange"}],"dollarAmounts":[{"amount":"US$0.0001","context":"par value per Class A ordinary share"},{"amount":"US$1.00","context":"NYSE minimum average closing price compliance threshold"}]},"materialImpact":{"score":4,"reasoning":"ADS ratio change from 1:6 to 1:360, equivalent to a one-for-60 reverse ADS split, driven by an NYSE non-compliance notice for trading below $1.00. A 60:1 reverse split is far above the 1:10 threshold and signals listing-compliance distress."},"tickerRelevance":{"others":[],"primary":"AMTD"},"globalImportance":30,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"splitRatio":"60:1 (extreme)","tickerTier":"small-cap foreign issuer","eventGravity":"reverse split for listing compliance","complianceContext":"NYSE 802.01C deficiency notice"}},"event_type":"reverse_split","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"AMTD IDEA Group will change its ADS ratio from one ADS per six Class A ordinary shares to one ADS per 360 shares, effective on or about October 19, 2026 — the same effect as a one-for-60 reverse ADS split.\n\nThe move follows a July 8 NYSE notice that the company fell out of compliance with continued listing standards after its ADSs averaged below $1.00 over 30 consecutive trading days; the company says the ratio change should help regain compliance.\n\nBNY Mellon will handle the exchange under a new CUSIP, and no fractional new ADSs will be issued. The company also disclosed it has repurchased 4,417,036 ADSs under existing buyback programs as of October 7, 2026.","key_figures":{"customDimensions":{"new_ads_ratio":"1 ADS : 360 Class A ordinary shares","effective_date":"on or about October 19, 2026","ads_repurchased":4417036,"prior_ads_ratio":"1 ADS : 6 Class A ordinary shares","reverse_split_ratio":"1:60"}},"named_entities":{"people":[],"products":[],"companies":[{"name":"AMTD IDEA Group","ticker":"AMTD","relationship":"filer"},{"name":"The Bank of New York Mellon","relationship":"ADS depositary bank"},{"name":"New York Stock Exchange","relationship":"listing exchange"}],"dollarAmounts":[{"amount":"US$0.0001","context":"par value per Class A ordinary share"},{"amount":"US$1.00","context":"NYSE minimum average closing price compliance threshold"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-06T20:30:12.843Z","global_importance":30,"audience_relevance":25,"importance_components":{"splitRatio":"60:1 (extreme)","tickerTier":"small-cap foreign issuer","eventGravity":"reverse split for listing compliance","complianceContext":"NYSE 802.01C deficiency notice"}},"durationMs":6240,"modelName":"glm-5.3-flashx"}}