BEIJING, Aug. 13, 2021 / PRNewswire / – China Finance Online Co. Limited (“China Finance Online,” or the “Company,” “we,” “us,” or “our”) (NASDAQ GS: JRJC), at corporate, a leading provider of online money services that provides Chinese individual investors money technology-based online access to securities trading services, wealth control products, securities investment advisory services, as well as a database of monetary data and analytical services for institutional clients, announced today that on August 11, 2021, it obtained an acknowledgment from Nasdaq Stock Market LLC (“Nasdaq”) indicating that the staff decided that the company had not been able to provide an acceptable final plan. to repair compliance with a minimum equity of $ 10 million. the requirement to remain indexed on the Nasdaq Global Select Market under Nasdaq Trading Rule 5450 (b) (1) (A) or to maintain such compliance for an extended period of time. As of December 31, 2020, the Company’s equity was approximately $ 4. 6 million. The Company also fails to meet the continuing needs of the board of directors based on other criteria related to the market price of indexed securities or general assets or the Company’s general source of income. The staff said the company’s proposed time frame to repair compliance is beyond the 180-day era under Nasdaq’s 5810 (c) (2) (B) board of directors and that the company’s loss history business would adversely affect the ability of the business to regain or maintain compliance. The staff had made the decision to request a directory of the Company’s securities from Nasdaq, unless the Company requests a hearing before the Nasdaq Hearing Panel (the “Panel”) by August 18, 2021. The Corporation intends to request a hearing before the Panel in due course; such request will suspend any action to suspend or remove Nasdaq pending the panel’s decision. The Panel does not accede to the Company’s listing request, its securities will be subject to delisting and the liquidity and negotiability of the Company’s DepositOry Shares in the United States will be affected. This announcement is made pursuant to Nasdaq Rule 5810(b), which requires disclosure of receipt of a cancellation. About China Finance Online China Finance Online Co. Limited is a leading online monetary company that provides Chinese retail investors with online money generation-based access to tradingArray equity control products, as well as a monetary database and research for clients’ institutions. The portal site, www. jrj. com, is among the most productive monetary internet sites in China. In addition to the online securities trading platform, the Company provides critical monetary software, information and advice on securities investments to retail investors in China. subsidiary, Shenzhen Genius Information Technology Co. Ltd. , the company provides a monetary and research database to institutional clients, adding national monetary, research, educational and regulatory institutions. China Finance Online also offers brokerage in Hong Kong. Safe Harbor Statement This press release makes forward-looking statements that constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as explained in the U. S. Private Securities Litigation Reform Act. U. S. From 1995. here they reflect management’s existing outlook on long-term occasions and monetary performance. These forward-looking statements are the subject of certain dangers and uncertainties that may cause actual effects that differ materially from those of the forward-looking statements, all of which are misleading and many of which are beyond the Company’s control. These forward-looking statements can be made known through words such as “will,” “expects,” “anticipates,” “long-term,” “intent,” “plans,” “believes,” “estimates” and similar statements. Among other things, this press release contains the following forward-looking statements relating to: liquidity and financing resources, adding our ability to continue our business; our perspective and our ability to attract new users; our vision of creating a comprehensive wealth control ecosystem by offering a fully incorporated securities trading and communications platform; our prospect of stabilizing the wear and tear of money and improving our monetary situation; our projects to meet consumer demand for intuitive investment platforms and investment opportunities of choice; and securities trading market, advice on securities investments and wealth control activities. These involve certain threats and insecurities that can cause real effects that differ materially from those of the prospects, whose points of threat and insecurities include, but are not limited to, really widespread doubts as to the ability to continue operations, the COVID-19 epidemic. or other fitness epidemics in China or around the world, which translate the needs of visitors, the regulatory environment and the market place situations to which we are subject; the asymmetric scenario of the world and Chinese economies, which may cause volatility in the stock market place and have an effect on our operating effects in the coming quarters; have an effect on the conversion situations in mainland China inventory market exchange place, Hong Kong inventory market exchange place and global money market exchange places on our long-term performance; the unpredictable ability of our strategic transformation and new business expansion; the prospects for our margin activities and the extent to which our implementation of margin account verification and ongoing monitoring will produce positive effects; the extent to which our strategic collaborations with our partners will produce positive effects; the perspectives of wealthy Chinese families and the middle class; clients to equip our consumer specialists with new technologies, equipment and monetary knowledge; faltering investor confidence that may have an effect on our business; and imaginable goodwill other than money, intangible assets and impairment of investments can have an adverse effect on our net income. In addition, we have recurring operating losses and our ability to generate sufficient cash flow to meet our legal responsibility and maintain our business and deal with insecurity about the effect of the COVID-19 outbreak on operations, which raises many questions about our ability to continue as a business. to worry. More information related to these and other threats is included in the Company’s filings with the US Securities and Exchange Commission, adding its annual report on Form 20-F under “Forward Information” and “Risk Points. ” The Company assumes no legal responsibility to update any forward-looking information as a result of new data, long-term occasions or otherwise, unless required by applicable law. For more information, please contact: China Finance Online [[email protected]](/cdn-cgi/l/email-protection) com Kevin Theiss Awakening Advisors (212) [[email protected]](/cdn-cgi/l/email-protection) com View original content: https://www. prnewswire. com/news-releases/china-finance-online-announces-receipt-of-nasdaq-delisting-notice-301355000. html SOURCE China Finance Online Co. , Ltd.
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