SECsense Logo

111, Inc. Reports Key Changes in ADS Ratio - January 2025 Form 6-K Filing

$YI
Form 6-K
Filed on: 2025-01-08
Source
111, Inc. Reports Key Changes in ADS Ratio - January 2025 Form 6-K Filing

Here are the key insights extracted from the provided section of the financial report (Form 6-K) for 111, Inc.:

  1. Filing Information:
  • Type of Filing: Form 6-K
  • Commission File Number: 001-38639
  • Filing Date: January 8, 2025
  1. Company Details:
  • Company Name: 111, Inc.
  • Address: 3-4/F, No.295 ZuChongZhi Road, Pudong New Area, Shanghai, 201203, The People’s Republic of China.
  1. Reporting Period: This report covers the month of January 2025.
  2. Annual Report Filing: The registrant indicates the intention to file annual reports under Form 20-F.
  3. Exhibit Index:
  • Exhibit 99.1: The filing includes an announcement regarding a change in the American Depositary Shares (ADS) ratio for 111, Inc.
  1. Signatory Information:
  • Name of Signatory: Junling Liu
  • Title: Chief Executive Officer
  1. Signature Date: The report was signed by Junling Liu on January 8, 2025.

Insights:

  • The change in ADS ratio could indicate a strategic shift or adjustment in how the company's shares are represented in the U.S. market. This could impact investor perceptions and market dynamics.
  • The filing of Form 20-F suggests that 111, Inc. is committed to maintaining compliance with international reporting standards, which may enhance investor confidence.
  • The presence of the CEO's signature on the report indicates a direct oversight and responsibility taken by the company's leadership concerning the information disclosed.

Overall, this report serves as a formal communication from 111, Inc. to its investors and the SEC, ensuring transparency and compliance with regulatory requirements.