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（以下简称 “公司”）是将世界新鲜、时尚和未来科技型品牌与中国和整个亚洲的年轻人联系起来的下一代生活方式品牌平台。该公司今天宣布，纽约证券交易所（“纽约证券交易所”）于2023年1月3日接到纽约证券交易所（“纽约证券交易所”）的通知，纽约证券交易所监管部门的工作人员已决定启动程序，将该公司的美国存托股份（“ADS”）除名一股A类普通股，ADS的交易将立即暂停。纽约证券交易所监管部门根据纽约证券交易所上市公司手册第802.01C条做出了将ADS除牌的决定，因为该公司已低于纽约证券交易所的持续上市标准。
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.
该公司预计将在场外交易市场的适当级别申请其ADS的报价。公司将继续遵守适用的联邦证券法规定的信息披露义务，并与投资者保持沟通。