Onion Global Limited Reports Delisting From The New York Stock Exchange And Will Trade On The OTC Market
Onion Global Limited Reports Delisting From The New York Stock Exchange And Will Trade On The OTC Market
Onion Global Limited (the "Company"), a next-generation lifestyle brand platform that connects the world's fresh, fashionable, and future technology-based brands to young people in China and across Asia, today announced it was notified by the New York Stock Exchange ("NYSE") on January 3, 2023, that the staff of NYSE Regulation has determined to commence proceedings to delist the American depositary shares of the Company (the "ADSs"), each ten ADS representing one Class A ordinary shares, and that trading in the ADSs would be suspended immediately. The NYSE Regulation reached its decision to delist the ADSs pursuant to Section 802.01C of the NYSE's Listed Company Manual because the Company had fallen below the NYSE's continued listing standard.
Onion Global Limited（「公司」）今天宣佈，紐約證券交易所（「NYSE」）於 2023 年 1 月 3 日通知紐約證券交易所（「NYSE」），紐約證券交易所（「NYSE」）通知紐約證券交易所（「美國證券交易所」）的每個存款股份，紐約證券交易所（「美國證券交易所」）的工作人員已決定開始撤銷該公司（「ADS」）的每個存款股份。代表一股 A 類普通股的十隻 ADS，而 ADS 的交易將立即暫停交易。紐約證交所規例根據紐約證券交易所《上市公司手冊》第 802.01C 條取消 ADS 的上市規定，因為該公司已低於紐約證券交易所的持續上市標準。
The Company expects to apply for quotation of its ADSs on an appropriate tier of the OTC Markets. The Company will continue to comply with the information disclosure obligations under the applicable federal securities laws and maintain communication with investors.
該公司預計將在適當的場外交易市場等級上申請 ADS 的報價。本公司將繼續履行適用聯邦證券法下的資訊披露義務，並與投資者保持溝通。