BEIJING, May 25, 2022
/PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile"
or the "Company"), a leading internet company, today announced
that it received a notice from NYSE Regulation indicating that
the Company is not in compliance with Section 802.01E of the NYSE
Listed Company Manual as a result of its failure to timely file its
Annual Report on Form 20-F for the year ended December 31, 2021 (the "2021 Form 20-F") with the
Securities and Exchange Commission (the "SEC").
The Company was not able to file the 2021 Form 20-F by May
17, 2022, as extended from the original due date of May 2,
2022 pursuant to the Form 12b-25 submitted to the SEC
on April 29, 2022. The delay is primarily because of the
restrictive measures associated with the development of the
COVID-19 pandemic in China. As a
result, additional time is needed to gather necessary information
and documents to complete the 2021 Form 20-F. The Company is
making all efforts to file the 2021 Form 20-F as soon as
possible.
NYSE Regulation notified the Company that the NYSE will closely
monitor the status of the Company's late filing and related public
disclosures for up to a six-month period from the due date of the
annual report. If the Company fails to file its annual report and
any subsequent delayed filings within six months from the filing
due date, the NYSE may, in its sole discretion, allow the Company's
securities to trade for up to an additional six months depending on
specific circumstances, as outlined in Section 802.01E of the NYSE
Listed Company Manual. It is expected by the NYSE that the Company
will submit an official request for NYSE's consideration at the
appropriate time. If the NYSE determines that an additional
six-month trading period is not appropriate, suspension and
delisting procedures will commence pursuant to Section 804.00 of
the NYSE Listed Company Manual.
About Cheetah Mobile Inc.
Cheetah Mobile is a leading internet company. It has attracted
hundreds of millions of monthly active users through an array of
internet products such as Clean Master, Security Master and several
casual games. The Company provides advertising services to
advertisers worldwide as well as value-added services including the
sale of premium membership and in-app virtual items to its users.
Cheetah Mobile is also committed to leveraging its cutting-edge
artificial intelligence technologies to power its products and make
the world smarter. It has been listed on the New York Stock
Exchange since May 2014.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Statements that are
not historical facts, including statements about Cheetah's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement. All information
provided in this press release is as of the date of this
press release, and Cheetah does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
Investor Relations Contact
Cheetah Mobile Inc.
Tel: +86 10 6292 7779
Email: ir@cmcm.com
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SOURCE Cheetah Mobile