Investors holding GRFXY should decide whether to exchange their ADSs for HKSE-listed shares before July 17, 2026, considering the associated fees. The termination removes US trading access but does not affect the underlying business or Hong Kong listing.
Price Chart
Executive Summary
Graphex Group Ltd is terminating its American Depositary Shares (ADS) program, effective July 14, 2026. ADS holders can exchange their shares for underlying ordinary shares until July 17, 2026, after which remaining shares may be sold by the depositary. The company's ordinary shares will continue trading on the Hong Kong Stock Exchange (HKSE: 6128).
Key Facts
- Graphex Group Ltd is terminating its ADS program with The Bank of New York Mellon as depositary
- Termination Date is set for July 14, 2026, with a final exchange deadline of July 17, 2026
- ADS holders must pay fees to exchange: $17.50 cable fee and up to $0.05 per ADS cancellation fee
- After July 17, 2026, remaining ADSs may be sold by the depositary and proceeds distributed
- Ordinary shares will continue trading on HKSE under ticker 6128
- Reasons cited: low percentage of shares represented by ADSs, limited trading volume compared to HKSE, and sufficient access to capital through HKSE
Financial Impact
The termination affects only the US OTC market (GRFXY) and not the primary Hong Kong listing. No financial impact on company operations or capital structure is indicated.
Risk Factors
- Loss of US investor base and liquidity
- Potential difficulty for US investors to access HKSE-traded shares
- Possible perception of reduced transparency or accessibility for international investors
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-017177 |
| Exhibit: ex99-1.htm | 0001493152-26-017177 |
| Exhibit: ex99-2.htm | 0001493152-26-017177 |
| Document: 0001493152-26-017177-index-headers.html | 0001493152-26-017177 |
| Document: 0001493152-26-017177-index.html | 0001493152-26-017177 |
| Document: 0001493152-26-017177.txt | 0001493152-26-017177 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 1, 2026 16w ago | 6-K | $0.001000 | awaiting T+20 | — | — |
May 1, 2026 25w ago | 6-K | $0.1750 $0.1670 | ▼ −4.57% | ▼ −9.86% | — |
Apr 17, 2026 27w ago | 6-K | $0.1200 $0.1150 | ▼ −4.17% | ▼ −9.54% | — |
US Market Status
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