The record date for the ADS ratio change is July 31, 2014, at which time 51job's ADS holders will be entitled to receive one additional ADS for every one ADS held at the close of business on that date (U.S. EDT). For 51job's ADS holders, this ratio change will have the same effect as a 2-for-1 ADS split. There will be no change to 51job's underlying common shares. Furthermore, no action by ADS holders is required to effect the ratio change. The effect of the ratio change on the ADS trading price is expected to take place on August 8, 2014 (U.S. EDT).