SHANGHAI, May 5, 2022
/PRNewswire/ -- CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the
"Company"), a global mobile internet company, today updates its
status under the Holding Foreign Companies Accountable Act (the
"HFCAA").
On May 4, 2022, in connection with
its implementation of the HFCAA, the U.S. Securities and Exchange
Commission (the "SEC") provisionally named the Company as a
Commission-Identified Issuer following the Company's filing of its
annual report on Form 20-F for the fiscal year ended December 31, 2021 (the "2021 Form 20-F") with the
SEC on April 29, 2022.
The Company understands the SEC made such identification
pursuant to the HFCAA, which states if the SEC determines that a
company has filed audit reports issued by a registered public
accounting firm that cannot be inspected or investigated completely
by the Public Company Accounting Oversight Board (the "PCAOB"), for
three consecutive years beginning in 2021, the SEC shall prohibit
its shares or American depositary shares from being traded on a
national securities exchange or in the over-the-counter trading
market in the U.S. The Company has previously disclosed that its
auditor, the independent registered public accounting firm that
issued the audit report included in its 2021 Form 20-F, is
identified by PCAOB as one of the registered public accounting
firms that the PCAOB is unable to inspect or investigate
completely.
The Company will continue to monitor market developments and
evaluate all strategic options.
About CooTek (Cayman) Inc.
CooTek is a mobile internet company with a global vision that
offers content-rich mobile applications, focusing on three
categories: online literature, scenario-based content apps and
mobile games. CooTek's mission is to empower everyone to enjoy
relevant content seamlessly. CooTek's user-centric and data-driven
approach has enabled it to release appealing products to capture
mobile internet users' ever-evolving content needs and helps it
rapidly attract targeted users.
For more information on CooTek, please visit
https://ir.cootek.com.
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident," "optimistic" and similar statements.
Among other things, CooTek's strategic and operational plans,
contain forward-looking statements. CooTek may also make written or
oral forward-looking statements in its reports filed with or
furnished to the U.S. Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Any statements that are not historical
facts, including statements about CooTek's beliefs and
expectations, are forward-looking statements that involve factors,
risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Such
factors and risks include, but not limited to the following:
CooTek's mission and strategies; future business development,
financial conditions and results of operations; the expected growth
of the mobile internet industry and mobile advertising industry;
the expected growth of mobile advertising; expectations regarding
demand for and market acceptance of our products and services;
competition in mobile application and advertising industry;
relevant government policies and regulations relating to the
industry and the development and impacts of COVID-19. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is current as of the date of the press release,
and CooTek does not undertake any obligation to update such
information, except as required under applicable law.
For further information, please contact:
CooTek (Cayman) Inc.
Mr. Jacky Lin
Email: IR@cootek.com
ICA Investor Relations (Asia)
Limited
Mr. Kevin Yang
Phone: +86-21-8028-6033
E-mail: cootek@icaasia.com
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SOURCE CooTek (Cayman) Inc.