BEIJING, May 30, 2025
/PRNewswire/ -- 9F Inc. ("9F" or the "Company") (Nasdaq:
JFU), a digital technology service provider aiming to empower
institutional partners with advanced financial technologies, today
announced that it received a notification letter dated May 23, 2025 (the "Notification Letter") from the
Listing Qualifications Department of The Nasdaq Stock Market Inc.
("Nasdaq"), indicating that the Company is not in compliance with
the requirements for continued listing set forth in Nasdaq Listing
Rule 5250(c)(1) since the Company did not timely file its annual
report on Form 20-F for the fiscal year ended December 31, 2024
(the "2024 Form 20-F") with the Securities and Exchange Commission
(the "SEC").
The Notification Letter has no immediate effect on the listing
of the Company's American depositary shares on Nasdaq. Pursuant to
the Nasdaq Listing Rules, the Company has 60 calendar days from the
date of the Notification Letter to submit a plan to regain
compliance with Nasdaq Listing Rules (the "Compliance Plan"). If
Nasdaq accepts the Compliance Plan, it may grant the Company an
extension until November 11, 2025 to
regain compliance. The Company expects either to file its 2024 Form
20-F or submit the Compliance Plan within the prescribed 60-day
period.
The Company was not able to file the 2024 Form 20-F by the
prescribed deadline as extended pursuant to Rule 12b-25(b)(2)(ii) under the Securities Exchange
Act of 1934, primarily because the Company is unable to complete
the audit of the financial statements of the Company for the fiscal
year ended December 31, 2024 and the
preparation for the 2024 Form 20-F. The Company continues to work
diligently to complete the 2024 Form 20-F and intends to file it
with the SEC as soon as reasonably practicable. This announcement
is made in compliance with Nasdaq Listing Rule 5810(b), which
requires prompt disclosure of receipt of a deficiency
notification.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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," "target,"
"confident" and similar statements. Such statements are based upon
management's current expectations and current market, regulatory
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control. Forward-looking statements involve risks, uncertainties
and other factors that could cause actual results to differ
materially from those contained in any such statements. Potential
risks and uncertainties include, but are not limited to,
uncertainties as to the Company's ability to continue or to
complete its ongoing business transformation, its ability to
attract and retain investors on its platform, its ability to apply
for or obtain any license, its ability to expand into any new
market, its ability to compete effectively, its ability to comply
with any applicable laws, regulations and governmental policies in
China or elsewhere, general
economic conditions in China and
elsewhere, and the Company's ability to meet the standards
necessary to maintain listing of its ADSs on the Nasdaq, including
its ability to cure any non-compliance with the Nasdaq's continued
listing criteria. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. Neither
track record nor past performance is indicative of future results.
9F Inc. does not guarantee any specific outcome (including the
outcome of its ongoing business transformation) or profit.
All information provided in this press release is as of the date
of this press release, and subject to change without notice. 9F
Inc. does not undertake any obligation to update information
contained herein as a result of new information, future events or
otherwise, except as required under applicable law.
For investor and media enquiries, please contact:
In China:
9F Inc.
E-mail: ir@9fgroup.com
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SOURCE 9F Inc.