Canaan Plans 1-for-25 ADS Reverse Split Effective Around Dec. 4

• Canaan plans a 1-for-25 reverse split of American depositary shares, effective around December 4, 2026 (U.S. Eastern Time).
• Each ADS will represent 375 Class A ordinary shares, up from 15, to help regain compliance with Nasdaq’s minimum bid price requirement.
• Underlying Class A ordinary shares will remain unchanged; no ordinary shares will be issued or canceled.
• Fractional ADS entitlements will be sold, with net cash proceeds distributed to affected holders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202611100605PR_NEWS_USPR_____CN93821) on November 10, 2026, and is solely responsible for the information contained therein.