DDC Enterprise Receives NYSE Extension for Filing the 2023 Annual Report on Form 20-F
November 21 2024 - 8:00AM
Business Wire
DDC Enterprise, Ltd. (NYSEAM: DDC), (“DayDayCook,” “DDC,”
or the “Company”), a leading multi-brand Asian consumer food
company, today announced that it received a notice from NYSE
Regulation indicating that it agreed to provide the Company with an
additional time period through February 4, 2025, subject to
reassessment on an ongoing basis, to complete and file the
Company's annual report on Form 20-F for the year ended December
31, 2023 (the "2023 Form 20-F") with the Securities and Exchange
Commission (the "SEC") and any subsequent delayed filings.
The Company has been in ongoing cooperation and correspondence
with the NYSE on the late filing issue. NYSE Regulation notified
the Company that the NYSE will closely monitor the Company's
compliance with its interim milestones submitted to the NYSE and
failure to achieve these interim milestones could result in
accelerated trading suspension prior to the end of the February 4,
2025 cure period. In addition, in the event that the Company does
not make progress in becoming current with its filings with the SEC
during the plan period the NYSE will initiate delisting
procedures.
ABOUT DAYDAYCOOK
DayDayCook is on a mission to share the joy of Asian cooking
culture with the world, offering a suite of accessible and healthy
ready-to-eat, ready-to-cook, and ready-to-heat products that cater
to the global palate. DayDayCook has evolved from a culinary
content authority to a multi-brand powerhouse, curating a broad
range of products that champion authenticity, nutrition, and
convenience. The company's growing portfolio includes DayDayCook,
Nona Lim, Yai’s Thai, Omsom, MengWei, and Yujia Weng. Follow the
Company on LinkedIn.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements, including, for example, statements about NYSE
compliance, estimated revenue, margins, cash and growth and
expansion. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company’s
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. These
forward-looking statements are also based on assumptions regarding
the Company’s present and future business strategies and the
environment in which the Company will operate in the future.
Investors can find many (but not all) of these statements by the
use of words such as “may,” “will,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “likely to” or other
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20241121310391/en/
Investors: Jeff Ervin Co-Chief Financial Officer
jeffervin@daydaycook.com
Media: Jaque Liu jaque.liu@daydaycook.com
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