Yunji Receives Approval To Transfer To Nasdaq Capital Market
Yunji Receives Approval To Transfer To Nasdaq Capital Market
Yunji Inc. ("Yunji" or the "Company") (NASDAQ:YJ), a leading membership-based social e-commerce platform, today announced that on April 3, 2024, the Listing Qualifications department of the Nasdaq Stock Market LLC ("Nasdaq") approved the Company's request to transfer the listing of the Company's American Depositary Shares (the "ADSs") from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on April 5, 2024. The transfer of the Company's listing to the Nasdaq Capital Market is not expected to have any impact on trading in the Company's ADSs. The Company's ADSs will continue to trade uninterruptedly under the symbol "YJ." The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and companies on the Nasdaq Capital Market must meet certain financial and corporate governance requirements to qualify for continued listing.
領先的會員制社交電子商務平台雲集公司（“Yunji” 或 “公司”）（納斯達克股票代碼：YJ）今天宣佈，2024年4月3日，納斯達克股票市場有限責任公司（“納斯達克”）的上市資格部門批准了該公司將公司美國存托股份（“ADS”）從納斯達克全球市場上市到納斯達克資本市場的申請。該轉讓預計將在2024年4月5日開業時生效。預計公司向納斯達克資本市場的上市不會對公司ADS的交易產生任何影響。該公司的ADS將繼續以 “YJ” 的代碼不間斷地交易。納斯達克資本市場的運作方式與納斯達克全球市場基本相同，納斯達克資本市場上的公司必須滿足某些財務和公司治理要求才有資格繼續上市。
As previously disclosed, on October 5, 2023, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below US$1.00 per ADS for the previous 30 consecutive business days. The Company was given a period of 180 calendar days, or until April 2, 2024, to regain compliance with the minimum bid price requirement. In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market.
正如先前披露的那樣，該公司於2023年10月5日收到納斯達克的一封信函，信中表示該公司未遵守納斯達克上市規則5450（a）（1），因爲在過去的連續30個工作日中，ADS的收盤出價一直低於每份ADS1.00美元。公司有180個日曆日或直到2024年4月2日的時間來重新遵守最低出價要求。作爲回應，該公司提交了將其ADS的上市從納斯達克全球市場轉移到納斯達克資本市場的申請。
As a result of the transfer to the Nasdaq Capital Market, Nasdaq granted the Company a second period of 180 calendar days, or until September 30, 2024, to regain compliance with the minimum bid price requirement for continued listing. To regain compliance, the closing bid price of the Company's ADSs must meet or exceed US$1.00 per ADS for a minimum of 10 consecutive business days on or prior to September 30, 2024. Nasdaq's determination to grant the additional 180-day compliance period was in part based on the Company meeting the continued listing requirements of the Nasdaq Capital Market with the exception of the bid price requirement, and the Company having provided written notice of its intention to cure the deficiency during the additional compliance period, including effecting a reverse stock split or ADS-to-Class A ordinary share ratio if necessary.
由於向納斯達克資本市場的轉讓，納斯達克授予該公司第二段180個日曆日的期限，即直到2024年9月30日，以恢復遵守繼續上市的最低出價要求。爲了恢復合規，公司在2024年9月30日當天或之前的至少連續10個工作日內，每份ADS的收盤出價必須達到或超過1.00美元。納斯達克決定延長180天的合規期限，部分原因是該公司滿足了納斯達克資本市場的持續上市要求，但出價要求除外，並且公司已書面通知其打算在額外的合規期內彌補缺陷，包括在必要時進行反向股票拆分或ADS與A類普通股的比率。
The Company intends to continue to actively monitor the minimum bid price requirement and, as appropriate, will consider available options to resolve any deficiencies and regain compliance.
公司打算繼續積極監督最低投標價格要求，並將酌情考慮可用的備選方案，以解決任何缺陷並恢復合規。
譯文內容由第三人軟體翻譯。