Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Wing Yip Food Holdings Group Limited

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for Wing Yip Food Holdings Group 's (NASDAQ: WYHG) American Depositary Receipt program. Wing Yip is a meat product processing company based in Guangdong, China, specializing in cured meat products, snack products, and frozen meat products. The company's ordinary shares are listed on Korea Exchange's KOSDAQ. The Level III ADR program began on November 27, 2024, with a 1:1 ratio of ADS to ordinary shares, trading on NASDAQ under the symbol WYHG.

Positive

• Achieved Level III ADR listing on NASDAQ, potentially increasing access to US capital markets
• Partnership with Deutsche Bank, a leading global financial institution, for ADR services

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Wing Yip Food Holdings Group Limited.

Wing Yip Food Holdings Group Limited (NASDAQ: WYHG) is a meat product processing company that engages in the processing, sales and distribution of cured meat products, snack products and frozen meat products. Its ordinary shares are listed on the Korea Securities Dealers Automated Quotations of the Korea Exchange. Its principal executive office is in Guangdong, China. *

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 Wing Yip Food Holdings Group Limited (November 2024).

Depositary Receipt Information
Country		Hong Kong holding company with operations conducted by subsidiaries in mainland China
Custodian Bank		Deutsche Bank AG, Seoul Branch
Effective Date		November 27, 2024
Level III ADR
CUSIP		973921 109
ISIN		US9739211095
Symbol		WYHG
Exchange		NASDAQ
Current Ratio		1 ADS: 1 ordinary share
Eligibility		DTC

Depositary Receipt Contacts
New Business Development
William Ng
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

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© November 2024 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241202270636/en/

For further information, please contact:

Deutsche Bank AG

Press & Media Relations

Dylan Riddle



Tel. +12122504982

Cell. +1(904)3866481

Email dylan.riddle@db.com

Source: Deutsche Bank

FAQ

What is Wing Yip Food Holdings' ADR ratio and ticker symbol on NASDAQ?

Wing Yip Food Holdings' ADR trades on NASDAQ under the symbol WYHG with a ratio of 1 ADS to 1 ordinary share.

When did Deutsche Bank become the depositary bank for Wing Yip Food Holdings' ADR program?

Deutsche Bank became the depositary bank for Wing Yip Food Holdings' ADR program on November 27, 2024.

What is Wing Yip Food Holdings' main business activity?

Wing Yip Food Holdings is a meat product processing company that processes, sells, and distributes cured meat products, snack products, and frozen meat products.