SSLJ plans to take appropriate measures after receiving the Nasdaq deficiency notice
January 11 2019 - 5:00PM
SSLJ.com Limited (the “Company” or “SSLJ”) (NASDAQ: SSLJ) On
January 7, 2019, SSLJ.com Limited received a deficiency notice from
The NASDAQ Stock Market, Inc. (“NASDAQ”) stating that the Company
has not filed its financial information for the six-month period
ended June 30, 2018 on a Form 6-K (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)(2). NASDAQ
has informed the Company that it has 60 calendar days or until
March 8, 2019 to submit a plan (the “Plan”) as definitive as
possible 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 July
1, 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)(2) 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 March 8, 2019.
About SSLJ.com Limited
SSLJ.com Limited is a pioneer in the vertically
integrated O2O home decoration service and product market with one
of the largest market shares in China. The Company provides clients
with a convenient, full-service, one-stop solution for its homes’
interior decoration and improvement needs by offering consulting,
design, construction, and furnishing services as well as modern,
high-quality and high-tech products. The Company has 9 branch
companies and 12 sales offices in 10 cities, which are Beijing,
Shanghai, Shenzhen, Wuhan, Suzhou, Hefei, Zhengzhou, Tianjin,
Chengdu, Xi’an. 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
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