Report of Foreign Issuer (6-k)
February 24 2017 - 6:27AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2017
Commission
File Number: 001-34238
THE9 LIMITED
Building
No. 3, 690 Bibo Road
Zhangjiang Hi-tech Park, Pudong New Area
Shanghai 201203, Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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THE9 LIMITED
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By :
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/s/ Jun Zhu
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Name:
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Jun Zhu
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Title :
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Chairman and Chief Executive Officer
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Date: February 24, 2017
Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.1
The9 Limited Announces Receipt of Nasdaq Notice of Deficiency
The9 Limited (NASDAQ: NCTY) (The9 or the Company), an online game operator and developer in China, today announced that it has
received a written notification from the Nasdaq Stock Market, Inc. (Nasdaq) dated February 22, 2017 indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares
(MVPHS) for the Nasdaq Global Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C), because the market value of the Companys publicly held American depositary shares (ADS), each representing one ordinary share
of the Company, for the last 30 consecutive business days was below the minimum requirement of US$15,000,000. Pursuant to Nasdaq Listing Rule 5810(c)(3)(D), the Company has a compliance period of 180 calendar days (or until August 21, 2017) to
regain compliance. If at any time during this compliance period the Companys MVPHS closes at $15,000,000 or more for a minimum of ten consecutive business days, Nasdaq will notify the Company that it has achieved compliance with the MVPHS
requirement and this matter will be closed. In the event the Company does not regain compliance with Rule 5450(b)(2)(C) prior to the expiration of the compliance period, the Company will receive written notification that its securities are subject
to delisting from the NASDAQ Global Market.
The Companys management is looking into various options available to regain compliance and maintain its
continued listing on The NASDAQ Global Market, and is also considering other options, including a potential transfer of its listing of securities to the Nasdaq Capital Market. The Nasdaq Capital Market is a continuous trading market that operates in
substantially the same manner as the Nasdaq Global Market where listed companies must meet certain financial requirements and comply with Nasdaqs corporate governance requirements.
Safe Harbor Statement
This announcement contains
forward-looking statements. These statements are made under the safe harbor provisions of 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, considers and similar statements. Statements that are not historical
facts, including statements about The9s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ
materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, The9s ability to license, develop or acquire online games that are appealing to users, The9s ability to
retain existing players and attract new players, The9s ability to anticipate and adapt to changing consumer preferences and respond to competitive market conditions, political and economic policies of the Chinese government, the laws and
regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, and other risks and uncertainties outlined in The9s
filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Ms. Connie
Sun
Investor Relations Specialist
The9 Limited
Tel: +86 (21) 5172-9990
Email: IR@corp.the9.com
Website: http://www.corp.the9.com/
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