Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of DingDong (Cayman) Limited

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for the NYSE-listed American Depositary Receipt (ADR) program of DingDong (Cayman) Limited, a leading e-commerce company based in China. The effective date for this appointment is July 1, 2021. This partnership aims to leverage Deutsche Bank's services to enhance DingDong's ADR program and diversify its shareholder base. DingDong specializes in providing fresh produce and household products directly to consumers, and the company is incorporated in the Cayman Islands.

Positive

• Deutsche Bank's appointment may enhance DingDong's market visibility.
• The partnership aims to diversify DingDong's shareholder base.

Negative

• None.

Deutsche Bank announced today its appointment as depositary bank for the NYSE-listed American Depositary Receipt program of DingDong (Cayman) Limited.

DingDong (Cayman) Limited. (NYSE: DDL) is a leading on-demand e-commerce company in China providing customers with fresh produce, meat and seafood and other household products. The Company is headquartered in Shanghai, People’s Republic of China.*

“We are very pleased to be appointed as depositary bank for DingDong (Cayman) Limited’s Level III American Depositary Receipt program,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “Leveraging Deutsche Bank’s range of ADR services, we look forward to working with DingDong to help grow the ADR program and diversify the shareholder base.”

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by DingDong (Cayman) Limited (July 2021).

Depositary Receipt Information
Country		China (Cayman Islands incorporated)
Custodian Bank		Deutsche Bank AG, Hong Kong Branch
Effective Date		July 1, 2021
Level III ADR
CUSIP		25445D 101
ISIN		US25445D1019
Symbol		DDL
Exchange		NYSE
Current Ratio		2 ADS: 3 Ordinary Shares
Eligibility		DTC

Depositary Receipt Contacts
Head of Depositary Receipts	New Business Development
Daniel Clark	William Ng
Tel: +1 212 250 3547	Tel: +852 2203 7889
www.adr.db.com	Markets Distribution
adr@db.com	London
	Tel: +44 (0) 20 7547 6500
gtb.db.com	New York
	Tel: +1 212 250 9100
	Hong Kong
	Tel: +852 2203 7854

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© July 2021 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210701005853/en/

FAQ

What is Deutsche Bank's role with DingDong (Cayman) Limited?

Deutsche Bank has been appointed as the depositary bank for DingDong's NYSE-listed American Depositary Receipt (ADR) program.

When did Deutsche Bank's appointment for DingDong become effective?

The appointment became effective on July 1, 2021.

What is DingDong (Cayman) Limited known for?

DingDong is a leading on-demand e-commerce company in China, offering fresh produce, meat, seafood, and household products.

What is the stock symbol for DingDong (Cayman) Limited?

The stock symbol for DingDong is DDL.