SSLJ.com Limited Intends to Withdraw its Listing on Nasdaq
July 19 2019 - 11:45AM
SSLJ.com Limited (the “Company”) (NASDAQ: YGTY). The Company herein
announces its intent to withdraw its Class A ordinary shares from
the Nasdaq Capital Market. Since February 2019, the new management
and board of directors of the Company have made tremendous efforts
to improve the operations and financial conditions of the Company.
However, the management of the Company could not improve the
situation of the Company in a period satisfactory to the Nasdaq
Capital Market. The abrupt resignation of the Company’s auditors
renders the Company in a more difficult position to complete and
disclose its annual financial information than before. The Company
has made the decision to withdraw its Class A ordinary shares from
listing on the Nasdaq Capital Market primarily because it has
failed to file its annual report for the year ended December 31,
2018 on Form 20-F under Listing Rules 5250(c)(1), failed to
maintain a minimum of $2,5000,000 in the stockholders’ equity for
continued listing under Listing Rules 5550(b)(1), and allegedly
failed to disclose the material changes of its operations in a
timely manner. The Company plans to file a Form 25 pursuant to 17
CFR 240.12d2-2(c) on July 29, 2019.
This announcement is made in compliance with
Listing Rules 5840(j) and 17 CFR § 240.12d2-2(c).
About SSLJ.com Limited
SSLJ.com Limited is in the business of the
vertically integrated O2O home decoration services and products 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. 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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