Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 08 2024 - 4:50PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of February, 2024
Commission
File Number: 001-38201
SECOO HOLDING LIMITED
21/F, Block D, Wantong Center, No. A 6 Chaowai
Street
Chaoyang
District, Beijing 100027
The People’s Republic of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SECOO HOLDING LIMITED |
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Date: February 8, 2024 |
By: |
/s/ Richard Rixue Li |
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Richard Rixue Li |
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Director and Chief Executive Officer |
Exhibit 99.1
Secoo Receives Additional Delist Notice from
Nasdaq
BEIJING, February 8, 2024 (GLOBE NEWSWIRE) -- Secoo Holding Limited
(“Secoo” or the “Company”) (NASDAQ: SECO), today announced that it received an additional delist notice from The
Nasdaq Stock Market LLC (“Nasdaq”) on February 6, 2024.
As previously announced, the Company received a written notification
from Nasdaq dated August 1, 2023, indicating that because the closing bid price of the Company’s American Depositary Shares
(“ADSs”) for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum
bid price requirement, set forth in Nasdaq Listing Rule 5550(a)(2). The Company was provided with a compliance period of 180 calendar
days, or until January 29, 2024, to regain compliance under the Nasdaq Listing Rules. In the event the Company does not regain compliance
by January 29, 2024, the Company may be eligible for an additional compliance period of 180 calendar days period to regain compliance
under certain conditions. On January 29, 2024, the Company received a letter from Nasdaq, notifying the Company that, in accordance
with Nasdaq Listing Rule 5810(c)(3)(A), it was eligible for a second 180-day compliance period to comply with the minimum $1 bid
price requirement.
The delist notice from Nasdaq dated February 6, 2024 notified
the Company that, upon further review, the Nasdaq Staff has determined that in light of concerns regarding the circumstances surrounding
the Company’s failure to file its delinquent reports, it no longer appears to Nasdaq that it is possible for the Company cure the
deficiency. This matter serves as an additional basis for delisting the Company’s securities from Nasdaq. The Company plans to present
its views with respect to this additional deficiency at its Nasdaq Panel hearing scheduled on February 13, 2024.
About Secoo Holding Limited
Secoo Holding Limited (“Secoo”) is Asia’s leading
online integrated upscale products and services platform. Secoo provides customers a wide selection of authentic upscale products and
lifestyle services on the Company’s integrated online and offline shopping platform which consists of the Secoo.com website, mobile
applications and offline experience centers, offering over 420,000 SKUs, covering over 3,800 global and domestic brands. Supported by
the Company’s proprietary database of upscale products, authentication procedures and brand cooperation, Secoo is able to ensure
the authenticity and quality of every product offered on its platform.
For more information, please visit http://ir.secoo.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to
Secoo management quotes and the Company’s financial outlook. These forward-looking statements can be identified by terminology such
as “will,” “estimate,” “project,” “predict,” “believe,” “expect,”
“anticipate,” “intend,” “potential,” “plan,” “goal” and similar statements.
Secoo Holding Limited may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers,
directors or employees to third parties. Such statements involve certain risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements. These forward-looking statements include, but are not limited
to, statements about: the Company’s goals and strategies; its future business development, financial condition and results of operations;
its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand
for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues
and certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to the
Company’s industry and general economic conditions in China. For additional information on these and other important factors that
could adversely affect the Company’s business, financial condition, results of operations and prospects, please see its filings
with the U.S. Securities and Exchange Commission.
Secoo Holding Limited does not undertake any obligation to update any
forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments
is as of the date of this press release, and Secoo Holding Limited undertakes no duty to update such information, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
Secoo Holding Limited
Jingbo Ma
Tel: +86 10 6588-0135
E-mail: ir@secoo.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: Secoo@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: Secoo@tpg-ir.com
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