ESPRIT HOLDINGS (00330) terminates the American Depository Receipts program.
Speed Global (00330) announced that, since Deutsche Bank Trust Company Americas (Deutsche Bank Americas), as the depositary bank, has submitted a resignation letter on November 12, 2025, the termination of the company's Level I American Depositary Receipt Program (the Program) will be effective at 5:00 pm Eastern Time on March 19, 2026.
ESPRIT HOLDINGS (00330) announces that, as the depositary bank, Deutsche Bank Trust Company Americas Branch (Deutsche Bank Americas Branch) has submitted a resignation letter on November 12, 2025. The Company's first-level American Depositary Receipt program (the Program) will terminate on March 19, 2026 at 5:00 pm Eastern Time. While the Program has provided the opportunity for the Company's shares to be traded in the U.S. OTC market, due to relatively low participation in the Program, and as of January 30, 2026, the outstanding ADRs represent less than 0.5% of the Company's total issued share capital, the Board of Directors has no intention of appointing a successor depositary bank. Therefore, the Program will be terminated. The Board believes that terminating the Program will not have any adverse impact on the Company's share price or trading volume on the Hong Kong Stock Exchange. Deutsche Bank Americas Branch will send a termination notice to ADR holders at least 30 days before the termination date, detailing the arrangements for returning ADRs for cancellation.
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