SHANGHAI, Jan. 3, 2020 /PRNewswire/ -- JMU Limited (the
"Company" or "JMU") (Nasdaq:
JMU) today announced that the Company's
application to transfer the Company's listing of its American
Depositary Shares (the "ADSs") from the Nasdaq Global Market to the
Nasdaq Capital Market has been approved by the Listing
Qualification Department of The Nasdaq Stock Market ("Nasdaq").
Accordingly, the Company's ADSs will begin trading on the Nasdaq
Capital Market effective at the opening of business on Monday, January 6, 2020. The Nasdaq Capital
Market is a continuous trading market that operates in
substantially the same manner as the Nasdaq Global Market and
listed companies must meet certain financial requirements and
comply with Nasdaq's corporate governance requirements. The
transfer of the Company's listing from the Nasdaq Global Market to
the Nasdaq Capital Market is expected to have no impact on trading
in the Company's ADSs, and the Company's ADS's will continue to
trade under the symbol "JMU."
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"aim," "anticipate," "believe," "estimate," "expect," "hope,"
"going forward," "intend," "ought to," "plan," "project,"
"potential," "seek," "may," "might," "can," "could," "will,"
"would," "shall," "should," "is likely to" and the negative form of
these words and other similar expressions. Among other things,
statements that are not historical facts, including statements
about JMU's beliefs and expectations
are or contain forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement. All information
provided in this press release is as of the date of this press
release and is based on assumptions that JMU believes to be reasonable as of this date, and
JMU does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law.
Contact:
Xingyan Gao
JMU Limited
ir@ccjmu.com
Tel: +86 (021) 6015-1166, ext. 8904
For more information about JMU Limited, please visit:
http://ir.ccjmu.com.
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SOURCE JMU Ltd