Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 11 2025 - 8:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2025
Commission file number: 001-38639
111, Inc.
3-4/F, No.295 ZuChongZhi Road,
Pudong New Area
Shanghai, 201203
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F. Form 20-F ☒ Form
40-F ☐
EXHIBIT INDEX
Signature
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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111, INC. |
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Date: |
February 11,
2025 |
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By: |
/s/ Junling Liu |
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Name: |
Junling Liu |
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Title: |
Chief Executive Officer |
Exhibit 99.1
111,
Inc. Regains Compliance with NASDAQ Requirement
SHANGHAI,
February 11, 2025 /PRNewswire/ – 111, Inc. (NASDAQ: YI) (“111” or the “Company”), a leading tech-enabled
healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream
in China, announced today that it has received notification from The Nasdaq Stock Market LLC (“Nasdaq”) on February 10, 2025,
confirming that Nasdaq has determined that for the last ten consecutive business days, from January 24, 2025 to February 7, 2025, the
closing bid price of the Company’s American Depositary Shares has been at $1.00 per share or greater. Accordingly, the Company
has regained compliance with Listing Rule 5450(a)(1). Nasdaq noted this matter is now closed.
Forward-Looking
Statements
This
press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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,” “target,”
“confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement,
as well as 111’s strategic and operational plans, contain forward-looking statements. 111 may also make written or oral forward-looking
statements in its periodic reports 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. Such statements are
based upon management’s current expectations and current market and operating conditions and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s
control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ
materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties
as to the Company’s ability comply with extensive and evolving regulatory requirements, its ability to compete effectively in the
evolving PRC general health and wellness market, its ability to manage the growth of its business and expansion plans, its ability to
achieve or maintain profitability in the future, its ability to control the risks associated with its pharmaceutical retail and wholesale
businesses, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Global Market,
including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. 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 as of the date of this press release, and 111 does not undertake any obligation to
update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable
law.
About 111,
Inc.
111,
Inc. (NASDAQ: YI) (“111” or the “Company”) is a leading tech-enabled healthcare platform company committed to
reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China. The Company provides consumers
with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy, 1 Pharmacy, and indirectly
through its offline virtual pharmacy network. The Company also offers online healthcare services through its internet hospital, 1 Clinic,
which provides consumers with cost-effective and convenient online consultation, electronic prescription service, and patient management
service. In addition, the Company’s online platform, 1 Medicine, serves as a one-stop shop for pharmacies to source a vast selection
of pharmaceutical products. With the largest virtual pharmacy network in China, 111 enables offline pharmacies to better serve their
customers with cloud-based services. 111 also provides an omni-channel drug commercialization platform to its strategic partners, which
includes services such as digital marketing, patient education, data analytics, and pricing monitoring.
For more information
on 111, please visit: http://ir.111.com.cn/.
CONTACT:
111, Inc.
Investor Relations
Email: ir@111.com.cn
111, Inc.
Media Relations
Email: press@111.com.cn
Phone: +86-021-2053
6666 (China)
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