Shulou(Shulou.com)11/24 Report--

CTOnews.com October 3 news, Beilai (Station B) announced on the Hong Kong Stock Exchange that the company voluntarily converted its secondary listing status on the Stock Exchange of Hong Kong Limited into a primary listing on the Main Board effective today. Beile is now a dual primary listed company on the Hong Kong Stock Exchange in Hong Kong and the NASDAQ Global Select Market in the United States.

Recently, the Board of Directors of Beilai announced that the voluntary conversion of its secondary listing status to primary listing on the Stock Exchange will take effect on 3 October 2022, when the Company will become a dual primary listed company on the Stock Exchange and NASDAQ, and the stock symbol "S" will be deleted from its stock abbreviation on the effective date.

CTOnews.com understands that dual-primary listed companies will have equal listing status in both listings, such as delisting in one listing place without affecting listing status in the other listing place.

Based on previous information, Beiley has been primarily listed on NASDAQ since March 2018 and secondarily listed on the Stock Exchange as a non-exempt Greater China issuer under Chapter 19C of the Listing Rules since March 2021.

In September, Beiley released its unaudited financial report for the second quarter ended June 30,2022. Financial report shows, B station second quarter revenue reached 4.91 billion yuan, monthly average active users exceeded 300 million mark, daily active users reached 83.5 million. In the second quarter, the average daily usage time of users was 89 minutes, and the overall traffic of the community increased by 48% year-on-year. Diversified content also boosted user retention and payment, with an average monthly paying user count of 27.5 million in the second quarter and a payment rate of 9.0%.

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