BEIJING, Aug. 18,
2022 /PRNewswire/ -- 9F Inc. (NASDAQ: JFU) ("9F"
or the "Company") today announced that it has received a written
notification from the staff of the Listing Qualifications
Department of The Nasdaq Stock Market LLC ("Nasdaq") dated
August 12, 2022, indicating that for
the last 30 consecutive business days, the closing bid price of the
Company's American depositary shares (the "ADSs") was below the
minimum bid price of US$1.00 per
share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The
Nasdaq notification letter has no current effect on the listing or
trading of the Company's ADSs on Nasdaq.
Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company
is provided with a grace period of 180 calendar days, or until
February 8, 2023, to meet the aforesaid requirement under the
Nasdaq Listing Rules. If at any time during the 180-day grace
period, the closing bid price of the Company's ADSs is US$1.00 per
share or higher for at least ten consecutive business days, Nasdaq
will provide the Company written confirmation and the matter will
be closed. In the event the Company does not meet the relevant
requirement by February 8, 2023, subject to the determination by
the staff of Nasdaq, the Company may be eligible for an additional
180-day grace period.
The Nasdaq notification letter does not affect the Company's
business operations, and the Company will take all reasonable
measures to meet the relevant requirement within the prescribed
grace period.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Such statements are based upon
management's current expectations and current market, regulatory
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control. Forward-looking statements involve risks, uncertainties
and other factors that could cause actual results to differ
materially from those contained in any such statements. Potential
risks and uncertainties include, but are not limited to,
uncertainties as to the Company's ability to cure any
non-compliance with the Nasdaq's continued listing criteria.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. Neither track record nor past
performance is indicative of future results. 9F Inc. does not
guarantee any specific outcome (including the outcome of its
ongoing business transformation) or profit.
All information provided in this press release is as of the date
of this press release, and subject to change without notice. 9F
Inc. does not undertake any obligation to update information
contained herein as a result of new information, future events or
otherwise, except as required under applicable law.
For investor and media enquiries, please contact:
In China:
9F Inc.
E-mail: ir@9fbank.com.cn
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SOURCE 9F Inc.
