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

CTOnews.com June 13, the daily Youxian official said that the company has received on June 6, 2023, Nasdaq Stock Market (Nasdaq Stock Market) listing qualification Department (LQD) notice, the department has decided to delist the daily Youxian American depositary shares (ADS) from the NASDAQ, unless the daily Youxian timely request the Nasdaq hearing panel (NHP) to hold a hearing.

▲ Daily Youxian official announcement Daily Youxian said that the company plans to promptly ask NHP to hold a hearing and suspend any delisting-related actions until the hearing process is finally completed.

According to the announcement, Nasdaq informed Youxiang Daily that it no longer meets the minimum shareholder equity requirement of $10000000 for continued listing on the Nasdaq global market as set out in the Nasdaq listing rules 5450 (b) (1) (A). The staff then approved an extension of the company until June 5, 2023 to re-comply with the requirement. However, as of June 5, 2023, the company failed to re-comply with shareholder equity requirements, which led to a letter from Nasdaq on June 6, 2023.

On May 18, 2023, Nasdaq staff informed Youxiang Daily that the company did not comply with Nasdaq listing rules 5250 (c) (1) due to the failure to file with the U.S. Securities and Exchange Commission ("SEC") in a timely manner the form 20m F for the fiscal year ended December 31, 2022. In a letter dated June 6, 2023, Nasdaq pointed out that the daily excellent fresh company should submit ways to solve the problem of tax arrears to the relevant departments.

▲ Daily Youxian Chinese official website, Daily Youxian Company fell into the crisis of capital chain break last year. Since July 27, 2022, the daily prime position business has been closed nationwide, and the goods with the next day's label are also displayed in Beijing, Tianjin, Shanghai and other places as "out of stock at the current address". On the evening of July 28, some consumers reported that the daily excellent fresh App had been unable to place an order, and the stored value of users was non-refundable. As of CTOnews.com, the daily Youxian official website can still be opened normally.

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