BEIJING, Jan. 20, 2022 /PRNewswire/ — China Finance On line Co. Limited (“China Finance On the net”, or the “Corporation”, “we”, “us” or “our”) (NASDAQ: JRJC), a major internet-dependent fiscal products and services firm that gives Chinese individual investors with fintech-driven on line accessibility to securities buying and selling solutions, prosperity management goods, securities financial investment advisory services, as perfectly as financial databases and analytics companies to institutional buyers, these days declared that it received a letter, dated January 19, 2022, from the Nasdaq Hearings Panel (the “Panel”) informing the Corporation that it has identified to delist the Firm’s ADSs from Nasdaq by submitting a Form 25 (Notification of Delisting) with the Securities and Trade Commission right after applicable charm durations have lapsed and will suspend buying and selling in our ADSs helpful at the open up of small business on January 21, 2022.
As earlier introduced, the Enterprise was notified in Might 2021 that it was not in compliance with the shareholders’ equity requirement of Listing Rule 5450(b)(1)(A) and gained a delisting discover in August 2021. Following the listening to that took put in September 2021, the Panel granted the Firm’s ask for to stage down to The Nasdaq Cash Current market and an extension until finally January 14, 2022 to evidence compliance with the minimum $2.5 million stockholders’ fairness requirement, or the alternative compliance requirements as established forth in Nasdaq Listing Rule 5550(b)(1).
About China Finance On-line
China Finance Online Co. Confined is a primary world-wide-web-centered fiscal solutions corporation that offers Chinese unique investors with fintech-run on the web entry to securities trading solutions, wealth management products and solutions, securities financial investment advisory companies, as very well as economic database and analytics products and services to institutional buyers. The Firm’s prominent flagship portal site, www.jrj.com, is ranked between the best financial websites in China. In addition to the website-centered securities trading platform, the Enterprise delivers simple monetary program, information and facts solutions and securities investment decision advisory services to retail buyers in China. As a result of its subsidiary, Shenzhen Genius Information Technological know-how Co. Ltd., the Company delivers economical databases and analytics to institutional clients which includes domestic fiscal, exploration, educational and regulatory establishments. China Finance On-line also provides brokerage providers in Hong Kong.
Secure Harbor Statement
This push release is made up of forward-seeking statements which represent “ahead-looking” statements in just the that means of Segment 21E of the Securities Exchange Act of 1934, as amended, and as outlined in the U.S. Non-public Securities Litigation Reform Act of 1995. The statements contained herein reflect management’s current sights with respect to future events and economic general performance. These forward-wanting statements are topic to specified risks and uncertainties that could lead to the genuine results to vary materially from individuals in the ahead-seeking statements, all of which are difficult to predict and numerous of which are further than the handle of the Firm. These ahead-searching statements can be discovered by terminology this kind of as “will,” “expects,” “anticipates,” “upcoming,” “intends,” “designs,” “thinks,” “estimates” and comparable statements. Amongst other things, this launch is made up of the adhering to ahead-searching statements relating to:
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liquidity and resources of funding, which include our capacity to proceed working as a going worry
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our prospect and our skill to attract new end users
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our prospect on developing a complete prosperity management ecosystem by delivering a thoroughly-built-in on the internet conversation and securities-investing platform
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our prospect on stabilization in income attrition and advancement of our fiscal placement
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our initiatives to deal with customers’ demand from customers for intuitive on the internet investment decision platforms and different expenditure possibilities and
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the market place prospect of the organization of securities-trading, securities investment decision advisory and wealth management.
These kinds of statements contain specified risks and uncertainties that could induce actual benefits to differ materially from individuals in the forward-seeking statements, which danger variables and uncertainties consist of, amongst other individuals, significant question about skill to keep on as a likely worry, the outbreak of COVID-19 or other wellbeing epidemics in China or globally, altering shopper requires, regulatory ecosystem and market place problems that we are subject matter to the uneven condition of the entire world and Chinese economies that could direct to volatility in the fairness markets and impact our working results in the coming quarters the effects of the transforming problems of the mainland Chinese inventory industry, Hong Kong stock market and world money markets on our future overall performance the unpredictability of our strategic transformation and development of new corporations the prospect of our margin-associated business and the degree to which our implementation of margin account screening and ongoing checking will produce effective outcomes the degree to which our strategic collaborations with companions will produce thriving outcomes the prospective customers for China’s higher-net-worthy of and middle-course homes the prospective clients of equipping our client professionals with new engineering, resources and fiscal awareness wavering investor self confidence that could impression our small business and doable non-dollars goodwill, intangible belongings and expense impairments might adversely influence our net profits. On top of that, we have recurring losses from procedure and incapability to deliver enough cash move to meet our obligation and sustain our functions and deal with uncertainty as to the operation influence of the COVID-19 outbreak, that increase significant doubt about our means to continue on as a likely issue and carry on as a detailed business on Nasdaq. Even further data regarding these and other risks is bundled in the Firm’s filings with the U.S. Securities and Trade Commission, together with its annual report on Sort 20-F below “Forward-Looking Information and facts” and “Threat Things”. The Organization does not undertake any obligation to update any ahead-hunting statement as a end result of new information and facts, potential gatherings or otherwise, except as expected under relevant legislation.
For much more information, be sure to contact:
China Finance Online
+86-10-8336-3100
[email protected]
Kevin Theiss
Awaken Advisors
(212) 521-4050
[email protected]
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Resource China Finance On line Co., Ltd.
