SSLJ.com Limited plans to take appropriate measures after receiving the Nasdaq deficiency notice
May 24 2019 - 12:18PM
SSLJ.com Limited (the “Company”) (NASDAQ: YGTY) On May 20, 2019,
SSLJ.com Limited received a deficiency notice from The NASDAQ Stock
Market, Inc. (“NASDAQ”) stating that the Company has not filed its
Form 20-F for the period ended December 31, 2018 (the “Filing”) and
as a result the Company no longer complies with NASDAQ’s listing
rules for continued listing set forth in the Listing Rule
5250(c)(1). NASDAQ has informed the Company that it has 60 calendar
days to submit a plan (the “Plan”) to regain compliance with the
NASDAQ’s continued listing requirements. If NASDAQ accepts the
Company’s Plan to regain compliance in that respect, NASDAQ can
grant an exception of up to 180 calendar days from the prescribed
Filing due date or until November 11, 2019 to regain compliance.
In determining whether to accept the Company’s
Plan, NASDAQ will consider things as the likelihood that the Filing
and any subsequent periodic filings can be made within the 180-day
period, the Company’s past compliance history, the reasons for the
late filing, other corporate events that may occur within the
NASDAQ review period, the Company’s overall financial condition and
its public disclosures.
The Company is currently working on the Plan to
regain compliance with respect to the Listing Rule 5250(c)(1) to
meet the requirements for continued listing on the NASDAQ Capital
Market. It intends to submit such Plan to NASDAQ as soon as
practicable prior to July 18, 2019.
About SSLJ.com Limited
SSLJ.com Limited is in the business of the
vertically integrated O2O home decoration services and products in
China. The Company provides clients with a convenient,
full-service, one-stop solution for their home interior decoration
and improvement needs by offering consulting, design, construction,
and furnishing services as well as modern, high-quality and
high-tech products. For more information, please
visit www.sslj.com.
Forward-Looking Statements
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
For more information, please
contact:
SSLJ.com LimitedEmail: ir@sslj.com
SSLJ com (NASDAQ:YGTY)
Historical Stock Chart
From May 2024 to Jun 2024
SSLJ com (NASDAQ:YGTY)
Historical Stock Chart
From Jun 2023 to Jun 2024