Deutsche Bank announced today its appointment as Depositary Bank for NYSE-listed American Depositary Receipt Program of LAIX Inc.
LAIX Inc. (NYSE: LAIX) is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. LAIXs proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education methods and the mobile internet.*
We are very pleased to have been appointed as depositary bank for LAIXs ADR program, said Brian Studdert, Global Head of Depositary Receipts at Deutsche Bank. As such, we look forward to providing dedicated support and excellent client service to help drive the programs future success.
In addition to specializing in administering cross-border equity structures such as New York Shares, 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. The Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
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* Source: LAIX Inc. (October 2018)
|Depositary Receipt Information|
|Country||China (Cayman Islands incorporated)|
|Custodian Bank||Deutsche Bank AG, Hong Kong Branch|
|Effective Date||October 1, 2018|
|Level III ADR|
|Current Ratio||1 ADR : 1 Ordinary Share|
|Depositary Receipt Contacts|
|Head of Depositary Receipts||New Business Development|
|Brian Studdert||William Ng|
|Tel: +1 212 250 4774||Tel: +852 2203 7889|
|Tel: +44 (0) 20 7547 6500|
|Tel: +1 212 250 9100|
|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 Germanys 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 October 2018 Deutsche Bank AG. All rights reserved.
Deutsche Bank AG
Press & Media Relations
+1 212 250-0622
E-Mail: [email protected]