China XD Plastics 8-K Shows Co. Received Letter From Nasdaq Listing Qualifications Dept. Stating Nasdaq Panel Determined To Delist Shares, Will Suspend Trading On Oct. 29, 2021
China XD Plastics 8-K Shows Co. Received Letter From Nasdaq Listing Qualifications Dept. Stating Nasdaq Panel Determined To Delist Shares, Will Suspend Trading On Oct. 29, 2021
On October 27, 2021, China XD Plastics Company Limited (the “Company”) received a letter from the Listing Qualifications Hearings Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Nasdaq Hearings Panel has determined to delist the shares of the Company from Nasdaq, will suspend trading of the Company’s shares effective at the open of business on Friday, October 29, 2021, and will complete the delisting by filing a Form 25 Notification of Delisting with the Securities and Exchange Commission, after applicable appeal periods have lapsed.
于2021年10月27日，中国XD塑胶股份有限公司(“本公司”)收到纳斯达克证券市场有限责任公司(“纳斯达克”)上市资格聆讯部门发出的函件，表示纳斯达克聆讯委员会已决定将本公司的股票从纳斯达克退市，并将于2021年10月29日(星期五)开盘时暂停本公司股票的交易，并将在适用的上诉期限过后向美国证券交易委员会(SEC)提交表格25退市通知，以完成退市。
The Nasdaq Hearings Panel held a hearing on October 14, 2011 to consider the Company’s plan to regain compliance and continued listing on the Nasdaq in light of the Company’s failing to comply with the requirements of Nasdaq Listing Rule 5250(c)(1) because it had not filed its Form 10-K for the fiscal year ended December 31, 2020 and its Forms 10-Q for the periods ended March 31, 2021 and June 30, 2021. The Company intends to appeal the Nasdaq Hearings Panel determination.
纳斯达克听证会小组于2011年10月14日举行听证会，考虑到由于公司没有提交截至2020年12月31日的财政年度的10-K表格和截至2021年3月31日和2021年6月30日的10-Q表格，公司未能遵守纳斯达克上市规则5250(C)(1)的要求，因此公司计划重新获得合规并继续在纳斯达克上市。该公司打算对纳斯达克听证会委员会的裁决提出上诉。
